KB 855275 - Reconcile Balances - Bank Reconciliation Difference Expansion Window

Field Name & What it Displays

Statement Ending: Displays the statement ending balance as entered in the Balance Reconcile Bank Statements window

Outstanding Checks(-): Displays the amount of checks, decrease adjustments or withdrawal transaction types that haven't been marked as cleared. The amount will be updated each time you mark or unmark one of these transaction types. This total will include outstanding transactions up to the cutoff date, if a cutoff date was entered.

Deposits in Transit(+): Displays the amount of deposits or increase adjustment transaction types that haven't been marked as cleared. The amount will be updated each time you mark or unmark one of these transaction types. This total will include outstanding transactions up to the cutoff date.

Adjusted Bank Balance: The calculation is: Statement Ending Balance - Outstanding Checks + Deposits in Transit. This amount will be recalculated when a transaction is marked or unmarked in the Select Bank Transactions window. This field is also displayed on the Select Bank Transactions window.

Checkbook Balance: as this amount is calculated by taking the current balance from as of cutoff the Checkbook Maintenance window plus checks after the cutoff date, minus deposits after the cutoff date.

Adjustments: Displays the net adjustments total from the Reconcile Bank Adjustments window.

Adjusted Book Balance: The calculation is the Checkbook balance as of cutoff date plus the Net Adjustment amount in the Reconcile Bank Adjustments window. This field is also displayed on the Select Bank Transactions window.

Difference: Displays the Adjusted Bank Balance minus the Adjusted Book Balance. The checkbook can be reconciled if this amount is zero. If the difference is not zero, you'll need to verify that the correct transactions were marked to clear and that all adjustments have been entered in the Reconcile Bank Adjustments window. This field is also displayed on the Select Bank Transactions window.



This article was TechKnowledge Document ID: 2359