Bank Reconciliation
1. Accounting Menu > Bank Reconciliation
2. Select Company No.
3. Select GL Account (Account No. field) to reconcile – any bank flagged account may be reconciled
4. Set desired option in Group Receipts By:
-
- Check No.: collapses all payments that are part of the same payment reference number to one row
- Date: collapses all payments or receipts from a given day to one row
- Batch No.: collapses all receipts that are part of the same batch reference number to one row
- None: shows each individual payment or receipt as a separate row in order of occurrence
5. Choose the Ending Date for reconciliation – You may select an existing Ending Date to update the ongoing reconciliation by reconciling additional new transactions
6. If the Opening Balance is enabled, this is your first bank reconciliation with this account in Q360 and you will need to enter the correct Opening Balance from your Statement before clicking the Save button. This field will not be editable after this first entry.
7. Enter or update Ending Balance
8. Select one or more transactions to reconcile using the checkboxes in the grid
9. Click the Clear Selected icon to reconcile (or un-reconcile selected transactions). Line Items will turn green when reconciled.
10. When done, click the Save button
Note: you may use the History tab to review or print a list of past reconciliations