| Note |
|---|
When you extract a Bank reconcilationreconciliation, if there is a General Ledger Variance please do not continue with the Bank Reconcilation you Reconciliation you need to submit a ticket to Readysell. Check to ensure that there are outstanding bank reconcilationsreconciliations. You cannot extract a new bankrec if an existing bankrec has not been finalised. |
| Note |
|---|
Best practice is to download a bank statement in a form that can be imported into Readysell. The procedure below describes how to do your bank reconciliation manually. Once you understand the manual procedure as described on this page. As the next step, you should move on right awa to automate your bank reconciliation as much as possible. See: Automated Bank Reconcilation from a imported Bank Statement |
From the Navigational panel, Click on Financials>Cashbook>Bank Reconciliations
Expand title Show me Click on New> Extract Banking
Expand title Show me - Select your bank account from drop down box
- Enter the statement closing balance date
- Click on OK
- Click on Refresh until the data appears
- Enter Statement Closing Balance off the Bank Statement and click on Tab
The system will extract all unpresented transactions into the bank reconciliation and draw the General Ledger Closing and actual GL Closing figures.
Expand title Show me Working from a printed copy of your bank statement back to the Readysell Statement Lines on the screen
Drop the Filter in the Detail area and select 'Unmarked Lines'. That way as you start marking in Readysell the list reducesExpand title Show Me 
Starting searching for the Value working off the bank statement against what transactions in the bankrec and then click on Marked check box on the right.
Occasionally click on Refresh and Save
As you tag, various fields (values) will update (either increase or decrease).Expand title Show me 
Once you have finished marking all transactions from your bank statement, the variance should be 0.00 and the general ledger variance should also be zero
Expand title Show me
...