Bank Adjustment

Purpose

Use this procedure to update bank balance and enter bank fees or charges.

Bank Adjustment Entry

Menu Path

  • Financial Management/Accounts Payable/General Operations/Bank Adjustment Entry 
image 19 - Bank Adjustment

Creating Group  

In the Group, click New a6a279fc 1c46 4444 8222 5561011c5be4 - Bank Adjustment to add a new group

Enter the Group ID, select the posting date, select the Bank and click on save.

image 15 - Bank Adjustment
image 18 - Bank Adjustment

Entering Adjustment  

  1. Select new 214fdfa3 3fa8 40e8 b4e0 9c0932c78d27 - Bank Adjustment  to create new Adjustment
image 21 - Bank Adjustment
  1. Change the apply date which is posting date of adjustment transaction, by default it will be system date. Enter the Description.
  2. Enter the amount, it can be both positive and negative values.
  3. Select the Bank fee, it is optional.
  4. Click on save.
  5. Enter the GL Account for the adjustment entry. By default Bank fee GL Account will be available in this field. It can be changed by click on search button and select the account.
image 17 - Bank Adjustment
  • Select the Print group edit list icon 5dffd3f3 a70a 43f9 89d5 f3e0f8d22e25 - Bank Adjustment  to review the accounting entry before posting.

A new window will be displayed, click on preview to generate the report.

image 16 - Bank Adjustment
  • Click on 401de814 d000 49be 984a c54579bc88ed - Bank Adjustment to post the adjustment entry to GL.
image 20 - Bank Adjustment

Deleting Adjustment

To delete the adjustment entry click in the Overflow menu4c747006 22c8 45ca 80c5 cf44b95d563a - Bank Adjustment, select Delete adjustment before posting.