A reconciliation procedure has been designed into the accounting module that automates the task of reconciling the electronic checkbook. The following list outlines the macro steps that must be performed in order to reconcile the electronic checkbook.
Click on the "Reconcile Electronic Checkbook" menu selection to begin the reconciliation process. The first view will display a list of accounting database records that have not been reconciled.
Select the "Reconcile" check box for each database transaction record that appears on the current bank statement for your checking account and click the "Continue" button when finished.
Enter the exact amount of the Ending Balance that appears on your bank statement in the data field provided and click "Continue" button to automatically create an Account Adjustment record with the required adjustment amount.
NOTE: You can click Cancel to terminate the reconciliation procedure any time prior to completion. You can also click on the "View Totals" button to review the total amount of deposits and withdrawals marked as reconciled in the current reconciliation session.
TIP: Reconcile database records appearing on your checking account bank statement each and every month to ensure accurate and current running account balances.