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Reconciliations

Perform the first bank reconciliation

If you are performing the first bank account reconciliation for a client in Accounting CS, use the following steps to clear any prior transactions before you begin the current reconciliation.
In this example, the following transactions need to be removed before you begin the new January reconciliation.
Date
Reference Number
Transaction Description
Amount
11/30/2022
BegBal
Beginning Balance
10,587.17
12/31/2022
1584
Directory of Employment Security
-91.56
12/31/2022
1585
Illinois Department of Revenue
-383.42
12/31/2022
1586
Internal Revenue Service
-1,988.71
12/15/2022
1502
Office Depot
-128.32
N/A
N/A
Net effect
7,995.16
  1. Select
    Actions
     and then
    Reconcile Bank Accounts
    .
  2. Select
    General Information
     tab.
  3. Enter the beginning and ending statement dates for the month of December 2022, leaving zero amounts in the
    Deposits and additions
     box and
    Checks and payments
     box.
  4. Mark the items that need to be removed from the reconciliation as cleared, leaving any items in transit uncleared.
  5. Enter the total net effect of the cleared items in the
    Beginning Balance
     field.
  6. Finalize the reconciliation.
  7. Begin the new (January) reconciliation, replacing the amount in the Beginning Balance field with the beginning balance amount from the January Bank statement.

This article applies to:

  • Product: Accounting CS Client Access
  • Subject: Bank reconciliation