Reconciling Bank Accounts: A Comprehensive Guide
Learn how to efficiently reconcile bank accounts in the district accounting system, record funds transfers, understand the reconciliation process, clear transactions, and access cash management reports. Discover step-by-step instructions, valuable insights, and practical demonstrations for effective bank account reconciliation.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Using the District Accounting System Part 4: Reconciling Bank Accounts
Objectives for Reconciling Bank Accounts At the end of this section you will: Be able to record a funds transfer between base currency bank accounts Understand the bank reconciliation process Be able to clear bank transactions Be able to reconcile bank accounts Recognize the Cash Management reports available in the new district accounting system
Record a Funds Transfer Navigation Cash Management Application Transfer Funds
Record a Multi-Currency Funds Transfer Transfer funds between different currency bank accounts. These transfers will be done through Intacct by World Headquarters. Example: Funds requests from the District Reserve to a non USD bank account.
System Demonstration Record a Funds Transfer
Reconcile a Bank Account Navigation Cash Management Application Activities Reconcile Bank
System Demonstration Reconcile a bank account Enter statement information Select transactions to clear View the reconciliation report
View Reconciliation History Navigation Cash Management Application Records Reconciliation Histories
Reconciliation History Displays all prior reconciliations Reconciliation Report
System Demonstration View Reconciliation Histories Reconciliation Report View Bank Register
Resources District Finance Corner website: http://www.toastmasters.org/financecorner On this site you will find the following: The district accounting system user guide http://www.toastmasters.org/userguide The recordings of the district accounting software training webinars http://www.toastmasters.org/accountingsoftwarewebinars The Annual Budget Template http://www.toastmasters.org/AnnualBudgetTemplate Or email your questions to: districtfinancialreports@toastmasters.org
