Contents of Bank Statement Selection Dialog Box

Use the fields and options to add a new bank statement or to select an existing bank statement so that you can enter or review reconciliation information.

Field	Description
Bank	If the correct bank is not already displayed, click the drop-down arrow and select the bank.
Statement Status	Select one of the options in this field: To start the reconciliation process for a statement, select New. To continue a reconciliation process begun previously, select In Progress. To review a complete reconciliation, select Closed
New Statement Date	If you select New in Statement Status, specify the statement date in this field. If you add a new statement with a statement date that is earlier than the statement dates of one or more existing statements, the opening balances of those more recent statements could be changed automatically because the closing balance of the previous statement is always used as the opening balance of the next statement.
In Progress/Closed Statement Date	If you select In Progress or Closed as the Statement Status, specify the date of the statement.
Statement Number	If the bank includes a statement number on its statements and you want to include the number in the reconciliation information, enter it in this field.
Opening Balance	This field displays the opening balance for the statement. The closing balance entered for the previous statement, based on the statement date, is used as the opening balance. If no previous statement exists, this field is blank. Before you do your first "live" bank statement reconciliation, you should enter one historical or "dummy" reconciliation with the correct closing balance so that this field contains the correct opening balance for your first "live" reconciliation.
Closing Balance	If you are adding a new statement, enter the closing balance from the statement. If you are selecting an in-progress or closed statement, this field displays the closing balance for that statement.
Interest Revenue	Enter an amount for interest revenue. Interest revenue is automatically considered a cash receipt.
Bank Fees	Enter an amount for bank fees. Bank fees are automatically considered a cash disbursement.
User-defined Bank Entries	Enter an amount for any user-defined bank entries. You set the type of transaction for each entry on the Bank Reconciliation tab in Settings > Accounting > Banks .
Modify Date	To change the statement date of an existing statement, select that statement in In Progress/Closed Statement Date, click this button, and specify the new date on the Bank Statement Modify Date dialog box.
Select	Click this button to add or select the bank statement. When you add a statement, any voided payments processed since the previous statement and within the current accounting period are automatically associated with the newly added statement.
Close	Click this button to close the dialog box without adding or selecting a statement.