CHAPTER 11 - CHECK RECONCILIATION

There are two check reconciliation options available. However, they are not on the Accounts Payable menu - they are on the Check Book menu. Even if you do not have RASER's Check Book package, you will have this menu. However, only the two check reconciliation options will be accessible.

Check Book Menu




CHECK RECONCILIATION

This option allows you to record checks that have cleared your bank account. After you select this option, the following screen appears:

Select the checking account you wish to reconcile, and a screen similar to the following will appear:

G/L CKG ACCT (6 characters) This is the G/L Account Number which represents the Cash Account that you are reconciling. If you have only one account set up in the Checking Account file, this field will automatically be set, and you will not be required to enter this.

Follow screen instructions for marking checks as either outstanding or cleared. It is possible to clear a range of checks using <F5>. <F1> marks the check as cleared, <F6> to undo.

OUTSTANDING CHECK REPORT

This option allows you to print various reports as well as removing old checks from the system. After you select this option, the following screen appears:

Outstanding Check Report Options



Print Reports

The first three options print a report listing the appropriate checks. Option #1 prints all checks; #2 prints only the outstanding checks; and #3 prints only the cleared and voided checks. A sample report appears below.

Cleared Check Report



Perform Update

This option removes the "cleared" checks from the system. It also marks the checks in Accounts Payable as being "cleared" so that no one can accidentally void a check that has already been cashed. After you select this option, the following prompt appears:

This Procedure DELETES CLEARED CHECKS -- Okay to Continue? (Y/N/END)

Enter Y to go ahead and remove the cleared checks from the system. Enter N, END, or press [F4] to exit without removing any checks.