Methods to update bank account balances

In Cash Management, bank account balances are updated when you reconcile transactions by performing any of these actions:

• Release a transaction entered on Bank Transaction Entry (CB20.1), and the reconciled amount is within the reconcile tolerance defined for the transaction type or the transaction type is defined as reconciled upon entry.

• Release an adjusted transaction on Reconciliation Adjustment (CB30.1).

• Reconcile a transaction on Bank Transaction Adjustment (CB80.1).

• Reconcile a transaction on Bank Tape Mass Reconciliation (CB185) and the reconciled amount is within the reconcile tolerance defined for the transaction type.

Use Bank Period Close (CB190) to close the bank period and move ending bank account balances for the period being closed to the beginning balance of the next period. CB190 changes transactions to a historical status, making them unavailable for further adjustment, and closes the period to further transaction entry and reconciliation. You can use Account Period Balance (CB90.3) to display beginning balances, period transaction balances, and ending balances for a bank account.