Cash reconciliation

Cash reconciliation is used to reconcile the Cash Management account. The cash posting account is attached to the reconciliation account for a specified bank account number. The daily reconciliation process occurs in Cash Management and the statement balance information is linked to the reconciliation at the end of the period.

When a cash reconciliation is scheduled for a period, the ledger amount is displayed. The last bank statement that was created or imported and reconciled is the statement that is displayed for the reconciliation. The Open Bank Transactions Amount and the Bank Statement Balance fields are retrieved from the bank statement reconciliation.

• On the Reconciliation Detail tab, you can attach any other related information to the reconciliation.
• On the Reconciling Items tab, create any reconciling items for the period. Reconciling items can be carried forward to future periods or can be created for a period range.
• The Non Cash Account Journal Transactions tab shows any GL transactions that were not generated from the Payables, Receivables, and Cash Management.
• The Ledger Transactions tab shows the general ledger transactions that were posted for that period.
• You can create distributions on the Distributions tab. For example, a write-off of an item and amount.
• Optionally, provide a comment on the Comments tab.