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Bank Recon. functional specification

Former Member
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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

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Answers (1)

Answers (1)

Former Member
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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

Former Member
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Hi sarma,

thanks for your quick reply,

some wat i got answer frm ur question,

can u plz send me the URL or materials

to get more clarification,

thanks in advance,