Bank Reconciliation - Bank Statement Information

Statement Description

Type in any description you like. This is not a required field. Example: "4/30/03 Bank Reconciliation"

If left blank, the system enters the Ending Statement Date plus "Bank Reconciliation."

Beginning
Statement Date

Select the statement starting date as shown your back statement. The date defaults to the previous Ending Statement Date plus one day.

Ending
Statement Date

Select the statement ending date as shown on your bank statement. This is a required field. If you cannot find an in-progress statement that you want to work on, select a Date Range in the View Options that includes the Ending Statement Date of this statement.

The Ending Statement Date translates to the Date link under the Statements view in the Bank Center.

GL Balancing Date

Select the GL balancing date as shown on your bank statement. This field is important as it controls the items that display in the Open Items to Clear list. All open items as of the GL Balancing Date appear. The date defaults to the Ending Statement Date.

The GL Bank Account Balance found in the Reconcile Bank Statement and GL Bank Account section, also pulls as of this date.

The most common reason for changing this date is to clear an item on the bank statement that was posted with a date outside the bank statement period. You do not need to alter the beginning or ending statement dates.

Beginning
Statement Balance

If at least one bank reconciliation is posted, this field defaults to the closing balance of the previous statement. If this is the first reconciliation, type the beginning statement balance from the published bank statement.

Ending
Statement Balance

Type the ending statement balance as shown on the published bank statement.

Build Statement

Click this button to build the statement. If you change any items in the Bank Statement Information section during the reconciliation process, you must click Build Statement again for the changes to be applied.