Closing a bank statement

After you enter and release transactions associated with the bank statement, you must close the bank statement. You can evaluate Cash Management, Accounts Payable, and Accounts Receivable transactions associated with a specific statement number. Use this procedure to close a bank statement.

  1. Access Bank Statement Close (CB191).
  2. Use these guidelines to specify the field values:
    Cash Code or Cash Code Group

    Select a valid cash code or cash code group that represents the bank account(s) that you want to close a bank statement.

    Note: If you select a cash code, then ensure that the cash code is set to Yes in theReconciliation Statement Required field on Cash Code (CB00.2). If you select a cash code group, then ensure that it is defined on Cash Code Group (CB11.1).
    Reconciliation Stmt Number

    Specify the bank-assigned statement number to reconcile.

    Note: Ensure that this number is defined on Bank Statement (CB06.1).
    Report Sequence

    Select a report sequence. Sequencing of reports is done by Line Number or Pay Code.

    Update Option

    Select an update option.

    • Select Yes to update beginning and ending bank account balances, update bank transactions with a Statement Closed status, and update the statement record with a Closed status.

      Note: Even with the Update option set to Yes, the program does not release the transactions or close the statement until the statement is balanced and free of errors.

    • Select No to create a preliminary report without closing the statement.

    Reprint

    (Optional) Select Yes to reprint a bank statement after it was closed.