Banks: Balance Tab

The Balance tab on the Banks form displays up-to-date information for a bank account, including:

The last statement date, the last reconciliation date, and the year and period to which the reconciliation was posted.
If there is no posted reconciliation for the bank, the program displays the year and period from the oldest year for which a fiscal calendar was created in Common Services.
The closing balance of the last bank statement to which the account was reconciled.
The total of all deposits outstanding as of the last reconciliation plus subsequent deposits, including post-dated deposits that have been entered in Sage 300 ERP.
A total of all withdrawals outstanding as of the last reconciliation, plus any withdrawals issued since that date. This figure includes post-dated checks that have been entered in Sage 300 ERP.
The current balance, which is the sum of the last statement closing balance, plus deposits, less withdrawals. Because this amount includes items that have not yet cleared the bank, and because your bank may have cleared items that you not have recorded in Sage 300 ERP, this figure may not match the account balance calculated by your bank.

To see information about another tab on the Banks form, click one of these links: