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Evo-ERP and DBA Classic >> Accounting >> RECONCILING THE BANK STATEMENT
http://www.istechforum.com/YaBB.pl?num=1073058685

Message started by jeannie on 01/02/04 at 07:51:25

Title: RECONCILING THE BANK STATEMENT
Post by jeannie on 01/02/04 at 07:51:25

After reviewing the Detailed Trial Balance and discovering that there needed to be a debit made to the checking account and a credit made to the sales account in order to reconcile the checking account, I made the appropriate entries to the GL-B and posted the General Journal transaction in GL-O. THis did not fix the problem. How have you all handled this problem? What is the correct proceedure for making adjustments in order to Reconcile the check register?

Title: Re: RECONCILING THE BANK STATEMENT
Post by Lynn_Pantic on 01/02/04 at 09:33:38

A General Journal typre entry (as opposed to a Cash Receipt or Cash Disbursement) will hit the balance in the GL without affecting the check register. This is the approach to take if the check register can be reconciled to the bank statement using GL-J but does not agree with the GL balance for the account. If you need to hit the check register in order to have GL-J and the bank statement agree, you need to use a CR or CD type transaction in GL-B which will hit both the chekc register and GL balance.

Title: Re: RECONCILING THE BANK STATEMENT
Post by jeannie on 01/07/04 at 12:18:21

Thanks, posting as a cash disbursment did the trick. :)