Use the fields in this portion of the tab to troubleshoot the reconciliation.
These fields are associated with the formula used to balance the bank statement. The cash formula is the current balance minus outstanding checks, plus deposits in transit, and plus or minus general ledger adjustments equals the adjusted bank balance. When the difference between the Adjusted GL Balance field and the Adjusted Bank Balance field is zero, the system enables the Reconcile button. If the Reconcile button does not display, refer to Bank Reconciliation Troubleshooting for more information.
GL Acct Balance
The display-only balance for the general ledger account associated with the bank. The balance is as per the date you entered in the Reconcile Date field.
Interest Earned
The display-only total interest added to the general ledger cash account using the Add Interest instructions.
Services Charges
The display-only total of service charges subtracted from the general ledger cash account using the Add Service Charge instructions.
Adj GL Balance
The display-only adjusted general ledger balance.
When the difference between the Adjusted GL Balance field and the Adjusted Bank Balance field is zero, the system enables the Reconcile button at the bottom of the grid.
GL Adjustments
The display-only total of any adjustments (added or subtracted general ledger adjustments that have been made to the general ledger cash account) using the Add Adjustment instructions.
Outstanding Checks
The display-only total of the checks that have been issued but are not included in the current statement.
The display-only total of the adjusted bank balance of this bank account. That is, the current system balance for the account, plus deposits in transit, minus outstanding checks, plus or minus bank adjustments.
When the difference between the Adjusted GL Balance field and the Adjusted Bank Balance field is zero, the system enables the Reconcile button at the bottom of the grid.
Bank Adjustments
The display-only total of any bank adjustments that have been made to reconcile the current bank statement. An adjustment does not affect the general ledger cash account.
Deposits in Transit
The display-only total of the deposits that have been made but not included in the current statement.
See Also
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