Chapter 1: Overview and Setup Procedures

This chapter gives students a general overview of the features and benefits of using the Bank Reconciliation module in an integrated environment. It also focuses on the setup procedures for the Bank Reconciliation module, as well as the options available to customize this module to reflect the way your organization does business. The chapter also covers entering beginning balances for each checkbook in preparation for using the Bank Reconciliation module.

Main Topics

•Bank Reconciliation Features and Benefits
•Bank Reconciliation Integration
•Bank Reconciliation Setup and Options
•Checkbook Maintenance
•Transfer Existing Checkbooks to Bank Reconciliation
Labs
•Bank Reconciliation Setup
•Checkbook Setup

Chapter 2: Daily Procedures

This chapter defines the ways that transactions can be entered and posted in Bank Reconciliation. You explore the different types of transactions, receipts, and deposits that may be entered in this module. This chapter explains how each type of transaction may update the cash balance in the General Ledger, the checkbook balance in Bank Reconciliation, or both.

Main Topics

•Bank Transaction Entry
•Receipt Transactions
•Miscellaneous Checks
•Bank Transfer Entry
•Create Bank Deposits
•Bank Deposit Entry Labs
•Entering an Outstanding Check
•Entering a Check Transaction
•Entering a Cash Receipt
•Printing a Miscellaneous Check
•Entering a Bank Transfer
•Entering a Deposit without Receipts
•Entering a Deposit with Receipts.

Chapter 3: Reconcile Bank Statements

This chapter examines the steps necessary to reconcile a checkbook to the bank statement. The process to enter miscellaneous transactions and adjustments during the reconcile process is covered in detail. Time is spent discussing the transaction posting that occurs during the reconcile process.

Main Topics

•Reconcile Bank Statements Window
•Selecting Bank Transactions
•Enter Adjustments for Miscellaneous Transactions
•Print Preview Reports
•Enter Adjustments for Cleared Differences
•Reconcile the Checkbook
Labs
•Reconcile a Checkbook

Chapter 4: Maintaining Records

This chapter examines the functionality available to maintain Bank Reconciliation records. The process to void transactions, transfers, and deposits is covered in detail. Time is spent discussing the procedure for changing and deleting records. How to remove historical information from Microsoft Dynamics GP and the effects of removing this history is demonstrated. Time is also spent discussing the inquiry windows and reports that can be generated from the Bank Reconciliation module.

Main Topics

•Voiding a Bank Transaction
•Voiding a Bank Transfer
•Voiding a Deposit
•Deleting a Checkbook
•Removing History
•Using Inquiries
•Report Options
•Report Groups