How to: Apply Two Bank Statement Transactions to One Ledger Entry
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 two transactions on the bank statement correspond to one bank account ledger entry. In this case, you must apply the ledger entry to the bank account transactions.
For more information on reconciling a bank account, see How to: Fill In Bank Reconciliations and How to: Correct Bank Reconciliation Lines.
To apply two bank statement transactions to one ledger entry
In the Search box, enter Bank Reconciliation, and then choose the related link.
In the Bank Acc. Reconciliation window, delete the line with the suggested ledger entry that does not correspond to a single bank statement entry.
Insert two new lines. The amounts on the lines must match the amounts on the corresponding bank statement entries, and the total amount for the two lines must equal the amount on the posted ledger entry that needs to be applied to.
On the Lines FastTab, choose Line, and then choose Apply Entries.
Select the Applied field on the ledger entry that corresponds to the two bank statement transactions.
You will notice that a difference is shown on both new lines, but that the total difference equals 0.
See Also
Tasks
How to: Apply a Bank Statement Transaction to Two or More Bank Account Ledger Entries
How to: Correct Incorrect Bank Statement Transactions
How to: Post Transactions Recorded by the Bank
How to: Post Bank Reconciliations