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Unformatted text preview: Processing Bank Transactions Checklist Date Completed by Approved by Step 4. Post and Print Transactions Double-click the Post Reconciliation icon in the Bank Reconciliation folder. Select Range, then type the bank code(s) in the From and To fields, or use the Finder. Click Post to post the transactions. Posting changes the transaction status to Outstanding/In Transit, and changes the date to the statement date. If, when you set up A/R and A/P, you selected the option "Create G/L Transactions During Posting" option in the G/L Integration forms of those modules, a G/L transaction batch is automatically created now, but you will not be able to print the report in Bank Services. You must print it from G/L Reports, by choosing the Batch Listing report. After you print the report, you can post the G/L batch. O If, when you set up A/R and A/P, you had selected th elected the option "Create G/L Transactions on Request Using Create G/L Batch Icon," choose the Create G/L Batch icon from the Bank Reconciliation folder, then choose Process to send bank transactions to G/L. Then double-click the G/L Transactions icon in the Bank Reports older to print the report. Repeat these steps throughout the month, whenever you need to record bank transactions other than deposits and checks. Reversing Payments You can reverse posted payments by using either the Withdrawals tab in Reconcile Statements (during reconciliation) or by using the Reverse Payments form. The next two sections describe the steps for each method. Note: after you reverse items and then post the next bank reconciliation, the reversed items appear in the Bank Reconciliation Posting Journal. Reversing Payments During Reconciliation 3 Open the Reconcile Statements form and select the bank on which the check was issued. 0 Fill in the following fields on the Summary tab: Statement Date 0 Default Reconciliation Date O Reconciliation Year/Period Click the Withdrawals tab, then choose the Select Mode option. Scroll the list, highlight the item you are reversing, tab over to the Status column, then double-click in the Status column (or type the letter "R" in the column). The Status Change Date is updated to the Windows system date. Click Save, then click Close to close Reconcile Statements, then double-click the Post Reconciliation icon. Select Range, type the bank codes in the From and To fields, then click Post to post the reversal Processing Bank Transactions Checklist (process-trans.pdf) Page 2 of 4...
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