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Bank Reconciliation on TOPS [ONE]

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DESCRIPTION

This report will show the Bank reconciliation history for a given bank account.

Before rendering financial reports, all community bank account reconciliations should be completed. This makes sure that the cash being reported on reports matches the actual cash in the bank.

Sometimes board of directors will request a copy of each bank reconciliation report. 

The reconciliation report should quite simply provide a listing of monies going in and out of the bank account, along with the matching transactions in the General Ledger.

This article will give you a Step-By-Step guide on how to clear transactions and complete your Bank Reconciliation. 

 

STEP-BY-STEP

  •  Click Admin on the bottom of the navigation pane. 
  • Scroll down to the section that says Banks, select the appropriate bank. 
  • Go to the Accounts Section
  • Click Bank Reconciliation  for the account  you want to work on.

  • This will take you to the Bank Reconciliation for the account you picked. 
    • You're going to be able to make a few changes in this page
      • Start by Enter Bank Statement Balance
        • This is the ending balance you received from your bank.  
      • (Optional) Add a Service Fee
        • Enter the Amount of the Fee
        • The Data to implement the charge 
        • And select the Account you want to add the fee to. 
        • Click the  when you want to add that charge
      • (Optional) Add Interest Income 
        • Enter the Amount of the interest income 
        • The Data to implement 
        • And select the Account you want to add the interest income to.
        • Click the  when you want to add that charge 

  • At the bottom of the page, you'll see History
    •  Clear transactions 
      • click the box next to the transaction you want to clear 
        • It will prompt you to add the Cleared Date

  • Once you're done making the changes, click Save on the top right of the screen.

 

 

 

 

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    Cindy DeJesus

    Is there any way you can go back and clear out all entries and start the bank receonciliation over?

  • 0
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    Maria Reyes

    Good morning!

    Do you want to unclear items that have already been cleared?

    • If so, enter a statement date at the top of the bank reconciliation page. 
    • Deselect the toggle that says "Show Uncleared Only". The toggle should be gray. 
    • Your cleared transactions will have a check marked box, to unclear it, select the box to remove the check mark. 
    • Then click save at the top right corner
    Edited by Maria Reyes