Chapter 6 – General Ledger
Select the Reversal Journal Batch from the following screen that displays:
General Ledger Processing
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Once the reversal journal batch has been selected, the transaction will be automatically populated into the selected reversal journal. Post the batch to reverse the transaction.
Bank Reconciliation
The bank reconciliation function allows you to match your computer cashbook entries with your actual bank statement, in order to verify the correctness of the data you enter.
This process is optional. It does not affect values on the general ledger. Instead, it helps you decide on the accuracy of the information you input, relative to your bank statement.
You access this function via the Transactions...General Ledger...Bank Reconciliation menu option, or via the system tree General Ledger...Transactions function.
Choose a general ledger bank account, and the period in which or up to which to reconcile.
Check the Clr checkbox to reconcile an item, or uncheck the check box to unreconcile it.
The table displays unreconciled items. You can choose to see reconciled items as well.
You can now Reconcile All or Unreconcile All, by clicking on the respective buttons.
