Nominal Accounts

Reconcile Bank / Cash Account

To manage bank / cash accounts i.e. nominal accounts which fall within the specified range of bank codes, go to Accounts > Nominal Ledger > Cash Book. A list of all your bank accounts and their balances will be displayed. The cash book has been designed to make bank reconciliation easy and verifiable. In the cash book you will be able to

Post a bank teller / Banking transactions

Banking enables you to group a set of transactions together as a single lodgement, under a Banking Number, thereby simplifying the reconciliation of the total figure to the statement. To group a set of recorded transactions together as a single lodgement, under a Banking Number, do the following.
  1. Select Accounts > Nominal Ledger > Cash Book
  2. Click on a bank account code to display exisiting un-reconciled transactions.
  3. Click to select the transactions you wish to bank, while holding down the control key.
  4. Click the Bank button and follow the instructions.

Reconcile bank transactions

To reconcile recorded transactions to bank statements, do the following.
  1. Select Accounts > Nominal Ledger > Cash Book
  2. Click on a bank account code to display exisiting un-reconciled transactions.
  3. Click to select the transactions or Banking Number you wish to reconcile, while holding down the control key.
  4. Click the YES button on the toolbar to mark the selected transactions. Marked transactions are rendered in bold lettering.
  5. Click the Reconcile button and select Reconcile Now.

View reconciliation reports

  1. Select Accounts > Nominal Ledger > Cash Book
  2. Click on a bank account code to display exisiting un-reconciled transactions.
  3. The overall reconciliation summary is displayed on the left panel. Ordinarily, the account balance is equal to the sum of the reconciled and un-reconciled transactions.
  4. Click the Reports tab at the buttom of the screen to view/print each reconciliation summary reports