A bank rec is a report that allows you to reconcile the transactions that have cleared your bank account and the transactions that have not cleared your bank account against the transactions in your point of sale system. The idea is that all items that have cleared the bank should show as activity in your ledger under the bank. Also any items that have yet to clear should show in your ledger under the bank. There is also a control element: If we add up both the cleared and uncleared balances they should equal the balance of our GL account.

proactive_look_at_bank_rec

How To's

initial_bank_rec_lesson
Delete Bank Rec
Video on how to Reopen a close Bank Rec
reopen_closed_bank_rec

Common Bank Reconciliation Issues & Troubleshooting

bank_rec_problems
fixing_bank_recs_that_have_have_lines_cleared_in_a_previous_month
missing_transactions_in_the_bank_reconciliation_when_you_are_using_departments
07_howtofixedclosedbankrecperiods_removeduplicateopenbankrecs0908311615
Bank Rec Import Problems & Bank Export format
http://mywindward.wws5.com/selfhelp/?s=bank+rec&video=on&wiki=on&doc=on

Back to Ledger