Bank Reconciliation

ttssiong

When we do bank reconciliation in Navision, those line with type="Difference" will not affect to the G/L entry.
Let say, bank does give us the interest and we reconciliate it in the Bank Reconciliation and post it. It wouldn't create any entry in G/L. So to balance our bank account, we need to do it separately on General Journal. Am I right ?
Please advise ASAP

mfabian

You're almost right. Use Functions --> Transfer to General Journal to have your GL journal entries generated (but not yet posted).
After having posted your lines, delete all lines in Reconciliation, use function --> Suggest lines again and repeat these steps until the fields "Statment Ending balance", "Balance" and "Total Balance" show the same amount.

Marcus

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Marcus Fabian
m.fabian@thenet.ch
+41 79 439 78 72

ttssiong

What you suggest is only working for those line which the type entry = Bank Ledger Entry or Cheque Ledger Entry. And again, what if I use "Different" type entry to put some amount and then post it. It does not affect to G/L .

<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by fabian:
You're almost right. Use Functions --> Transfer to General Journal to have your GL journal entries generated (but not yet posted).
After having posted your lines, delete all lines in Reconciliation, use function --> Suggest lines again and repeat these steps until the fields "Statment Ending balance", "Balance" and "Total Balance" show the same amount.

Marcus

<HR></BLOCKQUOTE>