You use the Reconcile Statements form (available in the Bank Transactions folder) to:
- Establish bank balances prior to beginning regular monthly processing. For each General Ledger bank account, you need to perform a setup reconciliation to enter information from your last reconciliation.
- Reconcile bank accounts to bank statements. Only one person at a time can perform a reconciliation for a particular bank, but multiple workstations can reconcile different banks at the same time.
- Complete the reconciliation of OFX statements.
If security is turned on for your system, you must have authorization to reconcile bank statements.
Click the links below for information on the tabs on this form:
For help with the fields on the form, click the Field List button at the top of this topic.