Basic Reconciliation Example

When a Basic Reconciliation is scheduled for a period, the ledger amount from the back office is displayed in the top right corner. In the period details tab, specify the details and the related amounts along with any attachments. The total displays in the top right in the Detail Amount field.

Detail amounts can be carried forward to future periods or can be created for a period range. On the Reconciling Amounts tab, create any reconciling items for the period. The Ledger Transactions tab displays the general ledger transactions that are posted for that period. If needed, adjusting journal entries can be created on the Period End Distributions tab. For example, a write off of an item and amount.