Accounting Management

Step 2

Select the Cut-off point for recon

Enter the Description as well as the Opening and Closing Balance as reflected on the Bank statement

Click Next to continue

A list of the transactions for the selected period is displayed

Click on Transaction date to order the list according to date

• This will make it easier to check the transactions against the entries on the bank statement.
  

Explanation of the Recon Screen Details

Balance : The actual balance of the Bank Cashbook

Opening Balance : The opening balance reflected on the bank Statement

Selected Total : List of selected transactions (Debits and Credits) reflected on the bank Statement

Unselected Total : List of transactions not selected reflecting on the bank Statement

Closing balance : The closing balance as reflected on the bank Statement

OB - selected - closing : This amount should be R0.00. If an amount is displayed here, it means that the amount is outstanding and the Recon does not balance

Select All : Selects all the transactions on the list

Deselect All : Deselects all the tick boxes in the Recon column

Print recon screen : Prints the recon screen

Reconciliation Statement : Prints the recon statement

Allows you to export the full recon to Excel

Print the selected document

Allows the user to do a correction on the recon

Allows the user to re-allocate a selected transaction (line) to a different ledger

Do the Recon