Bank Adjustment

The Bank Adjustment feature is available in the Bank Center allowing you to post pre-defined journal entries specific to bank account activity, including service charges, interest earned, and adjustments to a bank reconciliation.

Use this feature if adjustment notices are received separately from the monthly bank statement or if you are not using the bank reconciliation feature of AMS360. [* The ability to post service charges and interest earned is also available in Bank Reconciliation.]

[* As of Version 23R2, the "Interest Earned" and "Service Charge" sections no long appear on the bank reconciliation statement. Instead, use the New Journal Entry button, located in the bank reconciliation statement, to enter any adjustments.]

Related Topics Link IconRelated Topics