How to: Post Open Transactions Reflected in a Bank Statement

Sometimes a bank statement will contain an amount for interest or fees charged. This cannot be applied to a ledger entry because you have not posted the transaction that the bank has recorded. In order to complete a bank reconciliation, you must post this type of transaction with a general journal.

To post an open transaction that is reflected in the bank statement

1. In the Search box, enter Bank Reconciliation, and then choose the related link.

2. In the relevant bank account reconciliation, select the line with the entry to be posted.

3. On the Actions tab, in the Functions group, choose Transfer to General Journal.

4. In the Gen. Journal Template field, select the appropriate journal template. In the Gen. Journal Batch field, select the appropriate journal batch. The journal batch you copy to must be empty if you have specified a number series. For more information, see Create Number Series.

5. Open the general journal. The entry appears on the top line. Notice that the bank account number has been inserted.

6. In the Document No. field on the journal line, enter the appropriate number.

7. Enter the appropriate general ledger account number as the balancing account, and then post the journal.

   After the entry is posted, apply the bank statement transaction to it.

8. Open the relevant bank account reconciliation.

9. Select the line with the open entry and, from the Lines FastTab, choose Line, and then choose Apply Entries. The Apply Bank Acc. Ledger Entries window opens.

10. Choose the Applied field on the entry that contains the appropriate amount, and then choose the OK button.

See Also

Tasks

How to: Fill In Bank Reconciliations
How to: Handle Erroneous Bank Statement Transactions