Adjusting transactions

You can specify one or more reconciliation adjustment distributions for a bank transaction that requires adjustment. Use this procedure to adjust a bank transaction.

  1. Access Reconciliation Variance Adjustment (CB30.1).
  2. Inquire on the bank transaction that requires adjustment.
  3. Add one or more reconciliation adjustment distributions.
  4. (Optional) To override the default reference or description for a reconciliation adjustment distribution, click the * (asterisk) button to open Distribution Options (CB30.2).
  5. (Optional) To adjust tax information for a reconciliation adjustment distribution, select Tax to open Tax (CB30.3).
  6. Select the Change form action.

Follow-up tasks

Note: The total reconciliation adjustment amount must equal the reconciliation difference before you can release the bank transaction. The transaction is not considered as reconciled until you release it.

  • After you adjust a bank transaction, you must release it to update the bank account balance and post it to the General Ledger. On Reconciliation Variance Adjustment (CB30.1), inquire on the adjusted transaction that you want to release and select the Release form action.