Enter checks and debits from a printed bank statement
You can use the
Rapid Clear
screen to quickly enter checks and debits from a printed bank statement. This dialog is available only from the Deposits & Additions tab and the Checks & Payments tab. As you enter amounts in the Rapid Clear dialog, the application looks for potential matches in the corresponding tab in the Reconcile Bank Accounts
screenor the Reconcile Impound Bank Accounts
screen.To access the screen, select
Actions
then Reconcile Bank Accounts
or Actions
then Reconcile Impound Bank Accounts
, select the Deposits & Additions
tab or the Checks & Payments
tab, and then choose Edit
then Rapid Clear
.Deposits & Additions tab
Use the Deposits & Additions tab to enter deposit amounts from your printed statement. If the application finds a deposit for the same amount in the
Deposits & Additions
tab of the Reconcile Bank Accounts
screenor the Reconcile Impound Bank Accounts
screen, it will mark the checkbox in the Matched
column for that amount.If the application does not find a match, it will add the transaction amount to the Unmatched statement transactions grid in the
Unmatched Transactions
tab of the Rapid Clear
screen.Checks & Payments tab
Use the
Checks & Payments
tab to enter checks and payments from your printed statement. If the application finds a deposit for the same amount in the Checks & Payments
tab of the Reconcile Bank Accounts
screenor the Reconcile Impound Bank Accounts
screen, it will mark the checkbox in the Matched
column for that amount.If the application does not find a match, it will add the transaction amount to the Unmatched statement transactions grid in the
Unmatched Transactions
tab of the Rapid Clear
screen.The following data-entry options are available to make data entry faster and easier.
- Auto increment reference.The application automatically increments numeric references or alphanumeric references that end with a digit by 1 and places the cursor in the Amount field each time you move to a new row.Examples:Initial referenceSubsequent references10071008, 1009, 1010, etc.REF-1REF-2, REF-3, REF-4, etc.PMTPMT, PMT, PMT, etc. (does not increment)A-107AA-107A, A-107A, A-107A, etc. (does not increment)
- Default amount.The application automatically enters the transaction amount if it finds an uncleared transaction with the reference that you enter.
Unmatched Transactions tab
Use the
Unmatched Transactions
tab to match transactions that were entered in the application with transactions that were entered in the Rapid Clear
screen.The
Unmatched bank account transactions
grid includes all unmatched transactions that were entered in the application or that were imported from a spreadsheet. The Unmatched statement transactions
grid includes all unmatched transactions that were entered in the Deposits & Additions
tab and the Checks & Payments
tab of the Rapid Clear
screen.In the Unmatched bank account transactions grid, mark the checkbox for each transaction that you want to match, and then mark the checkbox for the matching transaction in the Unmatched statement transactions grid. Select
Match
to match the transactions together.
