on 09-08-2008 3:20 AM
Hi All,
Ritenow im preparing the functional design for Bank recon. account and bank recon. clearing account.
anybody can help me todo this one.
where can i get information regardin the bank recon. account and clearing acct.
regards
arun
Hi,
You have to create Main G/L account with last digit of G/L code should be '0' with line item management setting. The same should be assigned in House Bank to Account ID.
Another minimum 3 G/L accounts to be created as below:
1. for Cheque Received/Deposit into Bank - Last Digit of this G/L code should be with digit '1' with Open Item Management and line Item Management should be activated.
2. for Cheques issued - Last digit of this G/L Code should be with digit '2' with Open Item Management and Line Item Management should be activated.
3. for Expenses - Bank Charages/Interest etc. - Last digit of this G/L code should be with digit '3' with Open & Line Item management.
If you create above 4 accounts, it will be sufficient for normal manual bank reconciliation.
Regards
Sarma BH
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