Making Adjustments for Bank Reconciliation

You can create an adjustment to temporarily allow for discrepancies between your books and the bank statement. This section explains how to create a bank reconciling item (if the statement is incorrect) or a book reconciling item (if the books are incorrect). Reconciling items do not affect the G/L and must eventually be cleared--typically as part of the following reconciliation.

Use this procedure only for adjustments that will be cleared in a subsequent reconciliation. Misuse of this feature will cause future bank reconciliation problems.

To make an adjustment for a bank reconciliation

1	From the side menu, select G/L > Bank Functions > Bank Rec Adjustment. The Bank Rec Adjustment filter appears.

2	Complete these fields:

Bank Type or select a bank account code.

Date Type or select the date for the adjustment.

Reference Type a reference number for the adjustment.

Description Type a brief description of the adjustment.

Amount Type the amount of the adjustment.

Type Select Bank if the discrepancy is in the bank statement; select Book if the discrepancy is in your books.

3	Click Submit. Voyager makes the bank reconciliation adjustment and displays a confirmation message.

When you perform a bank reconciliation, adjustments appear as either Bank Reconciling Items or Book Reconciling Items in the Bank Reconciliation Detail section of the Bank Reconcile screen, and must be cleared during a subsequent bank reconciliation.