8/13/2019 Bank Reconciliation Complete Process

1/9

Manual Bank Reconciliation- Process

We have configured Manual bank reconciliation process for ICICI, Vapi.

Details of ICICI, Vapi account

Particular ValueCompany code 1!ouse "ank ICI#1$ccount ID C$#11Description ICICI Vapi C$%#&' (()*+ 1"ank $ccount number #&' (()*+ 1Main - $ccount #+#1 1"ank Country I/"ank 0ey ( ##( + 1"ank /ame ICICI, Vapi

ollo2ing "ank - $ccounts are used for ICICI, Vapi #+#1 1 3 ICICI,Vapi,C$%*+ 1 M$I/ bank account #+#1 111 3 ICICI,Vapi,C$%*+ 13clearing3Che4ue payment #+#1 1# 3 ICICI,Vapi,C$%*+ 13clearing3Che4ue received +& 1 1 3 "ank charges

Configuration steps for Manual bank 5tatement

5tep 16 -o to 5789

IM- 7$:!

inancial accounting 3; bank accounting 3; business transactions 3; paymenttransactions 3; manual bank statement 3; create and assign businesstransactions

ollo2ing screen appears

Click on /e2 entries

8/13/2019 Bank Reconciliation Complete Process

2/9

ill the follo2ing

Create transaction type

5tep # 6 Define 7osting 0eys and 7osting 8ules for Manual "ank 5tatement

Create account symbol

$ssign account to account symbol

Create keys for posting rules

Define posting rules

8/13/2019 Bank Reconciliation Complete Process

3/9

7osting rule screen for "111

7osting rule for "1#

8/13/2019 Bank Reconciliation Complete Process

4/9

7osting rule for "+&

/o2 2e have configured Manual "ank 8econciliation process therefore anyincoming< outgoing $mount post to the respective - $ccount. $nd 2hen 2e 2ill reconcilethe "ank then system automatically transfer all incoming and outgoing bankaccount amount to the Main "ank - $ccount.

Following are the step to follow for Manual Bank Reconciliation

Step 1 - Post incoming and outgoing invoice to the particular month

8/13/2019 Bank Reconciliation Complete Process

5/9

Customer Invoice

We can use transaction "& < V 1 ."ut for e=ample purpose 2e are using "&

>nter follo2ing parametersCustomer8eferenceInvoice date7osting date$mount- $ccount$mount in doc currency7rofit center

7ost incoming payment

8/13/2019 Bank Reconciliation Complete Process

6/9

Incoming check amount posted in this GL Account

Post out going payment

8/13/2019 Bank Reconciliation Complete Process

7/9

8/13/2019 Bank Reconciliation Complete Process

8/9

7ress enter

Click on save

/o2 run transaction 5M * for "atch input session

:o check the manual bank reconciliation result process ? /o2 you run the transaction" / for - $ccount #+#1 1 ? Main bank - $ccount /o2 here your bank statementending balance matched 2ith this - account #+#1 1 .If the balance is matched then yourreconcile is done.

8s. 1 2e haveput as bankcharges

8/13/2019 Bank Reconciliation Complete Process

9/9

!ere you see that your bank statement balance matched this bank - for bank $ccount

:hen you also again run " / transaction for incoming < outgoing bank - account forICICI, Vapi "ank

!ere you sa2 that "alance for theses - $ccount is @ero after reconciliationor - #+#1 111 Che4ue payment

or - #+#1 1# Che4ue 8eceived