Use the Bank Reconciliation tab to set up miscellaneous charges for your enterprise and to indicate if electronic payment runs will be summarized.
Contents
| Field | Description |
|---|
| Summarize Electronic Payments Runs in Bank Reconciliation
|
Select this check box ifyou want all individual payments in an electronic payments run for the bank summarized as a single transaction on the Payments tab of the Bank Statement Reconciliation form, so that you can mark them cleared as a group.
Do not select this check box if you want all individual payments in an electronic payments run to display individually on the Payments tab of the Bank Statement Reconciliation form, so that you can mark them as cleared individually.
Most enterprises select or clear this check box based on how the bank shows electronic payments on bank statements.
You can only select this option if no existing electronic payment runs for the bank have a mix of cleared and uncleared payments. In other words, the payments in each electronic payment run must be either all cleared or all selected.
|
| Bank Entries Drop-Down
|
Click the drop-down arrow on a grid header to complete any of the following actions:
- To print grid data, click
Print. On the Print Preview form, click
to send the grid data to your default printer.
- To export grid data to an Excel spreadsheet, click
Export to Excel. When Microsoft Excel opens, use its features to modify, print, or email the grid data, or to save the spreadsheet file locally.
- To turn on grouping for a grid, click
Enable Grouping. When a field displays with the instruction: "Drag a column header here to group by that column," drag and drop column headers into the field, in the sequence that you want them to display.
Not all options are available on all grids.
|
| Type
|
By default, this column displays
Interest Revenue and
Bank Fees, but you can change or add entries to reflect miscellaneous charges in your
organization.
You can define up to four bank entry types for every bank.
|
| Account
|
Click
 to access the
Account lookup and select an
account. The
account is used for the explicit side of the bank transaction. For example, you can define the expense
account for Bank Fees.
|
| Project
|
Click
to access the
Project lookup and select a
project.
|
| Phase
|
Click
to access the
Phase lookup and select a
phase.
|
| Task
|
Click
to access the
Task lookup and select a
task.
|
| Transaction
|
Click the drop-down arrow to select
Cash Receipt or
Cash Disbursement for user-defined charges. By default, Bank Fees use the Cash Disbursement transaction type and Interest Revenue uses the Cash Receipt transaction type.
|
