Cash reconciliation

Cash reconciliation is used to reconcile the Cash account. The cash posting account is attached to the reconciliation account for a specified bank account number. The daily reconciliation process occurs in Cash 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.

This list shows the tabs that are available:

• Reconciliation Details: Use to attach any other information related to the reconciliation.
• Reconciling Items: Use to create any reconciling differences for the period. Reconciling items can be carried forward to future periods or can be created for a period range.
• Non Cash Account Journal Transactions: Shows any Global Ledger transactions that were not generated from the Payables, Receivables, and Cash.
• Ledger Transactions: Shows the general ledger transactions that were posted for that period. You can also create reconciling items and distributions from this tab.
• Distributions: Use to adjust journal entries, for example, a write-off of an item and amount.
• Comments: Optionally, provide comments.