Bank statement processing

Bank statements contain the activity that is processed through a bank account for a particular period of time. You can import the bank statement in FSM and reconcile it against the cash transactions.

You can match and reconcile the payments and deposits in FSM with information from the bank statement.

This list shows the steps to process bank statements:

Import bank statements.
Process cash ledger transactions for fee payments, interest income, or any other charges or credits. These transactions are not from Payables, Receivables, or existing Cash Ledger transactions.
Reconcile the cash ledger and non-cash ledger transactions with the bank statement lines.
Review and finalize reconciliation adjustments.

Optionally, you can upload and link statement line details to reconcile a statement line in more detail.