Balancing the bank statement with CR Check Center

After receiving your monthly bank statement, you must balance your records to the ending balance on the statement. Run the CR Trial Balance Report to verify that the bank is in balance before inactivating transactions with the CR Entry Balance Bank Accounts Report. If your bank accounts are not in balance before you run the CR Entry Balance Bank Accounts Report, you must enter manual adjustments in CR Check Center Entry.
Note: To import bank statement data and reconcile bank statements with the alternative CR Reconciliation Center Entry, see CR Reconciliation Center online help.
  1. Select Check Reconciliation > Entry > Check Center to record any bank charges or interest earned.
  2. Open a journal if one is not already opened.
  3. Click Quick Entry.
  4. Specify the number of the bank that sent the statement.
  5. Choose the transaction type. For interest amounts, select Interest as the Type. For service charges, select Charge.
  6. Click Update.
  7. Specify the amount of the bank charge or interest.
  8. Select Yes or No in the Cleared field to indicate whether the bank has cleared the transaction.
  9. Click Update to apply the transaction.
  10. Close the Quick Entry window.
  11. Specify the bank number associated with the transactions.
  12. Click Reconcile.
  13. Choose a transaction type and specify a clear date and starting check number.
  14. Click Refresh to display those transactions associated with the criteria you specified.
  15. Select the transaction and click Clear. Notice that the Cleared field changes to Yes, and the field displays the date the transaction was cleared.
  16. To unclear this transaction, select the transaction again and click Unclear.
  17. Repeat steps 15-16 until all desired transactions are marked as cleared.
  18. Select Check Reconciliation > Reports > Trial Balance.
  19. Specify the appropriate ranges and run the report.
  20. Verify that your bank account is in balance. If it is not in balance, verify that you have marked the transactions as cleared in CR Check Center Entry and re-run CR Trial Balance Report.
  21. When your bank account is in balance, select Check Reconciliation > Entry > Balance Bank Accounts and run the report.

    Running this report inactivates all cleared transactions.

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