Post - Bank Statement

Post - Bank Statement

Post - Bank Statement

You can add missing data in the Posting panel. After all the necessary data have been entered, you select the Post function from the Wizards menu. With it you create a journal entry for reconciling bank statements from the bank account.

Until you enter all the data in the Posting panel, you are unable to post data from the bank statment or transfer the journal entry for posting! Any attempt of posting of data from the bank statement to the journal entry does not succeed and in such a case an error is returned (see It is not possible to post! Enter the missing data in the <Field> line, line: XX!).

All mandatory checky are used in transferring data to the journal entry for bank reconciliation. The former are set in the Chart of Accounts (see Chart of Accounts), that is, both for manual and automatic posting. Mandatory data is colored red due to the checks and the missing data causes the error specified above to occur.

That is, if all:

• parameters are set accordingly in order to post lines of the bank statement in the document type of the Financials module
• the necessary data entered according to the set checks of the Chart of Accounts (that is if there is no field colored red)

The posting will be performed successfully and a journal entry created in the procedure, as well as opened directly.

The ID of the journal entry created in this way is entered also in the line with general information.

The journal entry shall be created with the posting date and the period date, which is the same to the date form the transaction on the bnk statement (see General information).

The posting will not be performed successfully if the journal entry for posting already exists in the selected document type of the Financials module for the same period date! In such a case the program returns the following error (see It is not possible to post! Bank statment for this period date has already been posted!).

The import procedure of the bank statement DOES NOT VALIDATE THE OUTSTANDING ITEMS OF THE SUBJECT. Data will be drawn from the imported bank statement, notwithstanding if the linked document which the customer is referencing with the payment exists or not. That is why it is recommended that you promptly - by every import of bank statments - check the outstanding items from the Journal entry taskbar. If necessary close lines with an irregular or unmatching reference.