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Former Member
Dec 02, 2011 at 08:56 AM

How to do Bank Reconciliation at the Month-End

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Hi,

Please help me on how to do Bank Reconciliation. we are using only one main bank GL for postings. we dont have any Clearing GL's.

1. How to reconcile?

2. How many clearing GL accounts should be there for that house bank?

3. To which GL account we have to make posting for receipts and payments (To Clearing GL accounts or main bank GL)

4. Month end what i have to do? do we need to post those clearing GL balances to main bank GL ?

5. If so all the clearing GL's are becoming ZERO?

6. what if they made postings to Main Bank GL Directly?

Thanks

Edited by: Dogdays on Dec 2, 2011 10:05 AM

Edited by: Dogdays on Dec 2, 2011 10:09 AM