Update bank account balances

In Cash Management, bank account balances are updated when you reconcile transactions by performing any of these actions:

• Release a transaction if the reconciled amount is within the reconcile tolerance for the transaction type or if the transaction type is reconciled upon entry
• Release an adjusted transaction
• Reconcile a transaction

Use Bank Period Close to close the bank period and move the bank account ending balances to the beginning balance of the next period. When you run Bank Period Close, transactions are changed to a historical status. They are unavailable for further adjustment and the period is closed to further transactions and reconciliation. You can use Account Period Balance to show beginning balances, period transaction balances, and ending balances for a bank account.