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ReportHi Community,
May I find out how do we know if bank reconciliation for a month has been done?
Thank you!
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Hi Community,
May I find out how do we know if bank reconciliation for a month has been done?
Thank you!
Josh,
Go to the Bank Account Card. Navigate to the Posted Reconciliations or Statements, this will be a list of completed bank reconciliations. You will have either posted reconciliations or statements not both. Now that the Bank Reconciliation/Statement is Posted, the transactions are closed and not pulled into the next Bank Reconciliation.
Hope this helps,
Thanks,
Steve
Hi Josh,
In accordance with all replies above, here you can find a very complete example about Bank Reconciliation and how to find the Posted Bank Reconciliations:
www.shubhfordynamics.com/.../bank-account-reconciliation-in-nav
Hope it helps.
Hi Josh,
Dallefeld is right here, when you did any transaction with related with bank account, system creates bank ledger entries every time, and if there are some remaining amount or not been applied to another Payment or Invoice document type transactions in that case those entries remains open, but when it reconciled or applied, it make Open = false, it means this entries has been closed now.
Hope it will help you.
On your bank account card, look for Posted Reconciliations or Statements, this will be a list of completed bank reconciliations. You will have either posted reconciliations or statements not both.
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