Reconciliation of Bank Accounts in Unisolve & Cross

How to do Bank Reconciliation in Unisolve & Cross



Bank Reconciliation is used to compare your ledget bank account statement to those of your bank statement provided by bank, to see if there are any differences between these two sets of records for your bank transactions. The ending balance of your version of the bank records is known as the book balance, while the bank's version is called the bank balance.

Bank reconciliation process is explained here as under:-

·         Go first to Account Menu – Transaction – Bank Reconciliation option. Image as per below:

Bank Reconciliation


·         Enter Date Range & Bank Name for Reconciliation. Image as per below:

Enter Date Range and Bank Name


·         If you not seen your bank entries in Bank Reconciliation as per above picture then you should use ESC and enter “Go Back to Edit” option for refresh all transaction. Image as per below:

Go Back to Edit


·         After that, now you can Reconcile Bank Date as per Bank Statement. Image as per below:

Bank Statement


·         Now you can print and see bank reconciliation statement which mentions the reasons why there is a difference in your books and bank statement. It is important document and must be printed daily/weekly or monthly as per your transactions volume. Bank reconciliation statement looks like following image:-

Bank reconciliation statement


·        You have option to calculate interest as well to check the interest charged by bank. It displays as per following image:-

interest charged by bank


·         After that, When you should enter Bank Date for each transaction as shown in bank statement provided by bank :-

bank statement


·         You can see Bank Reconciliation Date in Account Statement (Accounts->Statements) as per your books as well. Image as per below:

Date in Account Statement



Account Statement


For more details, please make a ticket at swildesk.com.


Thanks

SWIL Team

Unisolve software