How to: Apply a Bank Statement Transaction to Two or More Bank Account Ledger Entries
To reconcile a bank account, you must fill in the bank account reconciliation and correct any necessary lines. If the contents of the Statement Ending Balance and Total Balance fields are not equal after correcting lines, then you must apply entries. For example, you may find that a single transaction on the bank statement corresponds to two separate bank account ledger entries. In this case, you must apply these two ledger entries to the reconciliation line for the bank statement transaction.
To apply a bank statement transaction to two or more bank account ledger entries
In the Search box, enter Bank Reconciliation, and then choose the related link.
Open the relevant bank reconciliation.
Select the line with the entry to be applied.
On the Lines FastTab, choose Line, and then choose Apply Entries.
Select the Applied field for the entries to be applied to the reconciliation line.
Choose the OK button.
In the Bank Acc. Reconciliation window, you will notice that the Difference field on the line is now 0.00.
See Also
Tasks
How to: Fill In Bank Reconciliations
How to: Correct Bank Reconciliation Lines
How to: Apply Two Bank Statement Transactions to One Ledger Entry
How to: Correct Incorrect Bank Statement Transactions
How to: Post Transactions Recorded by the Bank
How to: Post Bank Reconciliations
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