Processing Bank Transactions: Overview

You use the icons in the Bank Transactions folder to enter, post, review, and reverse transactions in Bank Services:

• The Bank Entry icon lets you record new bank entries (such as service charges, interest earned, rent or mortgage payments), edit an existing entry, or view a posted entry.

• The Bank Transfers icon lets you add and post transactions to transfer amounts between banks.

• The Reverse Transactions icon lets you reverse bank transactions originating from Accounts Receivable, Accounts Payable, US and Canadian Payroll, or from a third-party program that updates Bank Services. In addition, you can reverse transactions you record using Bank Services' own Bank Entry form.

• The Transaction History Inquiry icon lets you look up the status of transactions that you enter in Bank Services, as well as transactions that Accounts Payable, Accounts Receivable, and Canadian and US Payroll send to Bank Services. It also lets you print the results of your inquiry.

• The Post Entries icon lets you post multiple bank entries in ranges that you define, or post all unposted bank entries.

• You use the Post Reconciliation icon to post bank reconciliations once they are balanced.