Reconciling Bank Statements
This procedure covers reconciling bank statements.
This procedure does not cover loading electronic bank statements.
Reconciling Bank Statements Automatically
Reconciling Bank Statements Manually
Finding and Reconciling Available Transactions
Changing Reconciliation Status for Statements
The CM Bank Reconciliation Accountant is responsible for reconciling bank statements.
CM Bank Reconciliation Accountant*
The Director of Accounting Services is responsible for ensuring that this document is necessary, reflects actual practice, and supports University policy.
This activity is performed after the bank statements are loaded and validated.
The AutoReconciliation process and the Bank Statement Import process are part of one program. After the Bank Statement process imports and validates the data, the AutoReconciliation process runs.
After running the program, review the AutoReconciliation Execution Report to identify any reconciliation errors. The report is produced automatically. You can also review reconciliation errors online. After correcting any reconciliation errors, run the Reconciliation Report or use the online statement inquiry to review reconciled and unreconciled statement lines. If lines remain unreconciled, you can:
This procedure continues from:
Loading Electronic Bank Statements.
CM Bank Reconciliation Accountant
1. Reconcile bank statements automatically.
Refer to Reconciling Bank Statement Automatically.
2. Reconcile bank statements manually.
3. Refer to Reconciling Bank Statements Manually.
If you need to change the reconciliation status of statements, goto task #4. Otherwise, goto task #5.
4. Change the Reconciliation Status of Statements.
Refer to Changing the Reconciliation Status for Statements.
5. Reviewing bank statements.
You can review bank account information and monitor reconciliation status with online inquiry.
Refer to Reviewing Bank Statements.
End of activity.
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