Reconcile Transactions

Transactions entered into the PereSoft Cashbook system can be called for reconciliation against the bank statement.

The reconciliation can be performed using several functions.

• Reconciling a range

• Searching using the mark function then reconciling marked transactions.

• Double-clicking on the status column on the spreadsheet

• Right clicking the mouse and then selecting the status from a menu

There are three stages a transaction can be in when performing a bank reconciliation:

• Un-reconciled - When a transaction has not appeared on the bank statement.

• Reconciled - When a transaction has appeared on the bank statement, and the Cashbook and bank statement amounts balance.

• Reconciled in Error - When a transaction amount differs from the amount that appears on the bank statement, either because of operator error or bank error.

  The original amount may be reconciled even if it does not correspond to the amount appearing on the bank statement.

  This item, reconciled in error, should be corrected as soon as possible.

  This correction must be entered as an adjustment in Cashbook and then reconciled correctly.

• Reversed - When a transaction needs to be canceled in the Cashbook it can be automatically reversed.

  Once reversed the status of the transaction cannot be changed again.

• Locked -  L -When a reconciled transaction is locked it cannot be un-reconciled unless it is unlocked first.