Use the Reconciliation Adjustment screens
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There are 3 reconciliation adjustments screens available. When you enter transactions in these screens, the application records them in the correct tab in the reconciliation screen (based on the
Adjustment Type
) and automatically marks them as cleared.Select
Actions
then Reconcile Bank Accounts
or Actions
then Reconcile Impound Bank Accounts
and then open any of the following adjustment screens:- Reconciliation Adjustmentscreen. Use this screen to enter an adjustment for the current reconciliation. To access this screen, select theAccount Summarytab, then selectAdjustmentin the Reconciliation Adjustment section.
- Recurring Adjustmentsscreen. Use this screen to enter adjustments that are made each reconciliation, whether the amount is the same each time or not. To access this screen, selectEditthenRecurring Adjustments.noteTo remove a recurring adjustment from a finalized reconciliation or from a prior period, you'll need to unfinalize the reconciliation first. Then selectEdit,Recurring Adjustments, highlight the adjustment to delete, and selectDelete(or use the delete key on your keyboard).
- Non-recurring Adjustmentsscreen. Use this screen to enter any 1-time adjustments for the current reconciliation. Items such as an unexpected service charge would be entered here. To access this screen, selectEditthenNon-recurring Adjustments.
Adjustments grid
Use the 
to remove rows from the grid (or highlight the row, and use the delete key on your keyboard). Use the arrow buttons to change the order of the rows by moving them up or down.
Delete
icon to remove rows from the grid (or highlight the row, and use the delete key on your keyboard). Use the arrow buttons to change the order of the rows by moving them up or down. GL Account
Enter or select the appropriate GL account number for the transaction. The dropdown contains all accounts used by the selected client.
note
For impound bank account reconciliations, the dropdown contains all of the firm's clients' accounts.
Description
Enter a description (up to 100 characters) for the transaction.
Amount
Enter the amount of the adjustment transaction. (For recurring adjustments, if the amount may change with each reconciliation, you can leave the
Amount
field blank.) Type
Select the transaction type from the dropdown. The transaction type determines where the transaction will be recorded.
Check and Payment
types will be recorded in the Checks & Payments
tab and Deposit and Addition
types will be recorded in the Deposits & Additions
tab. Related Content
-
Reconcile bank accounts
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