Course Objective

• Identify the impact of the Bank Reconciliation module on other modules.
• Customize the setup of Bank Reconciliation to fit their business needs.
• Perform all Bank Reconciliation related data entry functions. This includes bank transactions, bank deposits, and bank transfers.
• Perform maintenance on Bank Reconciliation documents and records such as checkbooks.
• Print standard reports for audit trail purposes, financial analysis, and to verify data entry.
• Perform the bank reconciliation process in Bank Reconciliation.

Course outline

• Overview and Setup Procedures
  • General overview of the features and benefits of using the Bank Reconciliation in an integrated environment
  •  Focuses on the setup procedures for Bank Reconciliation and the options available to customize it to reflect the way your organization does business.
  • Cover entering beginning balances for each checkbook in preparation for using Bank Reconciliation.
  •  Features and Benefits
  •  Bank Reconciliation Setup
  • Checkbook Maintenance
  • Transfer Existing Checkbooks to Bank Reconciliation
• Daily Procedures
  • Defines the ways that transactions can be entered and posted in Bank Reconciliation.
  •  The different types of transactions, receipts, and deposits that may be entered in Bank Reconciliation are discussed.
  •  Explains how each type of transaction may update the cash account balance in the General Ledger, the checkbook balance in Bank Reconciliation, or both.
  • Bank Transaction Entry
  • Enter Checks, Withdrawals and Adjustments
  •  Enter Receipt Transactions
  • Miscellaneous Checks
  • Bank Transfer Entry
  • Deposit with Receipts
  • Deposit without Receipts
  • Clear Unused Receipts
• Reconcile Bank Statements
  • Examines the steps that are required to reconcile a checkbook to the bank statement using Bank Reconciliation.
  • The process to enter miscellaneous transactions and adjustments during the reconcile process
  • Discussing the transaction posting that occurs during the reconcile process.
  • Reconcile Bank Statements
  • Select Bank Transactions
  • Enter Adjustments and Reconcile
•  Maintaining Records
  • The functionality available to maintain Bank Reconciliation records and
  • The processes to void transactions, transfers, and deposits are covered.
  • discussing the procedure for changing and deleting records
  • How to remove historical information from Bank Reconciliation and the effects of removing this type of history is discussed.
  • The inquiry windows and some reports that can be generated from Bank Reconciliation are also discussed.
  • Voiding Transactions
  • Deleting Checkbooks
  • Removing History
  • Using Inquiries
  • Report Options and Printing
  • Report Groups
  • Report List
•  practical cases
  • Bank Reconciliation Setup
  • Checkbook Setup
  • Enter an Outstanding Check
  • Enter a Check Transaction
  • Enter a Cash Receipt
  • Printing a Check
  • Enter a Bank Transfer
  • Enter a Deposit with Receipts
  • Enter a Deposit without Receipts
  • Reconciling a Checkbook
  • Removing History