Advanced setup > Do an initial bank reconciliation > Task 2: Record uncleared withdrawals and deposits
Task 2: Record uncleared withdrawals and deposits
You need to record uncleared transactions in such a way that the opening bank account balance is not affected. To do this, you need to post a debit and a credit of equal amounts for each transaction against the applicable bank account.
To enter uncleared withdrawals
1
Go to the Banking command centre and click Spend Money. The Spend Money window appears.
2
In the Account field, type or select the bank account you want to reconcile.
3
In the Cheque No. field, enter a reference number for the withdrawal.
4
In the Date field, type the first day of your conversion month. For example, if your conversion month is January 2010, enter 01/01/07.
5
In the Amount field, type the amount of the withdrawal.
6
In the Acct No field, type or select the bank account you want to reconcile. This must be the account entered in step 2 above.
7
In the VAT field, select the N-T tax code.
8
Enter details of the withdrawal in the Memo field.
9
Click Record.
10
Repeat from step 3 above for each uncleared withdrawal.
To enter uncleared deposits
1
Go to the Banking command centre and click Receive Money. The Receive Money window appears.
2
In the Deposit to Account field, type or select the bank account you want to reconcile.
3
In the Date field, type the first day of your conversion month. For example, if your conversion month is January 2010, enter 01/01/2010.
4
In the Amount Received field, type the amount of the deposit.
5
In the Acct No. field, type or select the bank account you want to reconcile. This must be the account entered in step 2 above.
6
In the VAT field, select the N-T tax code.
7
Click Record.
8
Repeat from step 3 above for each uncleared deposit.
Related Topics
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Task 3: Reconcile
■
Do an initial bank reconciliation

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