Bank Reconciliation

Every company should verify that the balance on the bank statement is consistent or compatible with the amounts in the company's account balances in its General Ledger.

ESKA^® Business Manager allows you to match and compare your account balances to the bank’s account balances in order to uncover any possible discrepancies.

To view certain pre-defined Bank Reconciliations, fill in the Banks Reconciliation Search criteria fields with the proper details to filter down the retrieved Bank Reconciliation records. If you wish to edit any Bank Reconciliation record, click on the record needed and then proceed with making the changes you want. You can deactivate an active record by simply clicking , or you can activate a deactivated record by clicking .

To view a discrepancy report, fill in the Banks Reconciliation Search criteria fields with the proper details to filter down the retrieved Bank Reconciliation records. Next, click on the record needed and then click .

To perform a bank reconciliation, in the Bank Reconciliation List block click and then in the Bank Reconciliation Entry block perform the following:

§ Enter the range of Dates for the reconciliation;

§ Enter the bank Statement Date;

§ Select the Bank Account to be reconciled;

§ Enter the Bank Balance of the bank statement;

§ The system will automatically retrieve the System Balance based on the Bank Account selected for the period of time selected;

§ Select the preferred Currency for the reconciliation. Accordingly, the system will automatically calculate the Currency Balance;

§ Click to save your work. Accordingly, the Get Account Voucher and Bank Vouchers Entry buttons will be enabled;

§ Click to view the account voucher details and check if the vouchers match the bank statement;

§ Click to enter bank vouchers in case of any difference in the balance of the bank statement verses the balance in the accounts on the company's general ledger;


Financial 2013 Bank Reconciliation