Uncleared Entries from last Bank Reconciliation
30 steps
2 minutes
1
Below is an Example Section of a Bank Reconciliation Report. There should be a section called uncleared checks and payments.
Each outstanding item listed in this section must be entered into the system as either a Cutover Check or Cutover Deposit.
Create Uncleared Checks
2
Navigate to Brokerage Engine.
3
Click "Accounting" to navigate to the BE Accounting interface.
4
Click the "Quick Actions" menu.
5
Click the "New Check" option.
6
Select Vendor/Payee, or create a new one if needed.
7
The Bank Account will automatically populate to the selected "Default Operating Account" in the Configuration Panel. Select the corresponding bank account from the Bank Reconciliation report by using the dropdown menu.
8
The Payment Date will default to today's date. Use the small calendar icon to set the date of the Payment.
9
Unclick the "Print Later" checkbox.
10
This will unlock the "Check No." field. Type the number of the check issued.
11
Use the dropdown menu under the Account field to select "Opening Balance Equity".
There is no need to select the actual Expense Account when creating the Check, as it has already been accounted for in the Cutover Journal Entry.
12
Type a description of the Check on the corresponding field.
13
Enter the Amount of the Check on the field.
14
Select a Class from the dropdown menu.
15
Click "Save"
16
Click "OK"
Create Uncleared Deposit
17
Click the "Quick Actions" menu.
18
Click the "New Bank Deposit" option.
19
The Bank Account will automatically populate to the selected "Default Operating Account" in the Configuration Panel. Select the corresponding bank account from the Bank Reconciliation report by using the dropdown menu.
20
The Date will default to today's date. Use the small calendar icon to set the date of the Deposit.
21
Select the Payment Method for the Deposit by using the dropdown menu.
22
Click the "Add Line" button to add funds to the Deposit.
23
Select the Customer from the dropdown menu, or manually add the Customer the deposit was received from.
24
Select the 'Opening Balance Equity' account.
There is no need to select the actual Expense Account when creating the Bill, as it has already been accounted for in the Cutover Journal Entry.
25
Add a Description, if applicable.
26
Enter the Deposit Amount.
27
Select a Class using the dropdown menu.
28
Add Memo, if applicable.
29
Click the "Save" button.
30
Click "OK"
Uncleared Entries from last Bank Reconciliation
30 steps
2 minutes
1
Below is an Example Section of a Bank Reconciliation Report. There should be a section called uncleared checks and payments.
Each outstanding item listed in this section must be entered into the system as either a Cutover Check or Cutover Deposit.
Create Uncleared Checks
2
Navigate to Brokerage Engine.
3
Click "Accounting" to navigate to the BE Accounting interface.
4
Click the "Quick Actions" menu.
5
Click the "New Check" option.
6
Select Vendor/Payee, or create a new one if needed.
7
The Bank Account will automatically populate to the selected "Default Operating Account" in the Configuration Panel. Select the corresponding bank account from the Bank Reconciliation report by using the dropdown menu.
8
The Payment Date will default to today's date. Use the small calendar icon to set the date of the Payment.
9
Unclick the "Print Later" checkbox.
10
This will unlock the "Check No." field. Type the number of the check issued.
11
Use the dropdown menu under the Account field to select "Opening Balance Equity".
There is no need to select the actual Expense Account when creating the Check, as it has already been accounted for in the Cutover Journal Entry.
12
Type a description of the Check on the corresponding field.
13
Enter the Amount of the Check on the field.
14
Select a Class from the dropdown menu.
15
Click "Save"
16
Click "OK"
Create Uncleared Deposit
17
Click the "Quick Actions" menu.
18
Click the "New Bank Deposit" option.
19
The Bank Account will automatically populate to the selected "Default Operating Account" in the Configuration Panel. Select the corresponding bank account from the Bank Reconciliation report by using the dropdown menu.
20
The Date will default to today's date. Use the small calendar icon to set the date of the Deposit.
21
Select the Payment Method for the Deposit by using the dropdown menu.
22
Click the "Add Line" button to add funds to the Deposit.
23
Select the Customer from the dropdown menu, or manually add the Customer the deposit was received from.
24
Select the 'Opening Balance Equity' account.
There is no need to select the actual Expense Account when creating the Bill, as it has already been accounted for in the Cutover Journal Entry.
25
Add a Description, if applicable.
26
Enter the Deposit Amount.
27
Select a Class using the dropdown menu.
28
Add Memo, if applicable.
29
Click the "Save" button.
30
Click "OK"
