Overview
Enter the ending bank balance and statement date prior to starting the reconciliation process for the selected month.
Steps
- In the Reconciliation module, enter the Ending Balance exactly as it appears on the bank statement.
- Verify that the As Of matches the statement’s closing date.
- If applicable, enter any credit union member shares in Investments for the month.
- Click Continue to proceed to the next page which displays outstanding transactions.
Outcome
The system displays all unreconciled transactions for the selected month, displaying them under Outstanding Transactions.
Troubleshooting
- Date mismatch - verify statement period before continuing.
- Incorrect balance - confirm no digits or decimals were omitted.