Data from the journal entry lines is sorted differently after having checked Bank Reconciliation for the journal entry in the settings of document types used in the Financials module in order to facilitate their input. Compare:

• lines of journal entry and
• manually reconciling bank statements

Posting to a foreign currency account the current official National Bank's exchange rate is found so as to convert the foreign currency amounts to the equivalent local currency amounts. The due date is relevant information here.

Subject gets filled-in upon entering of account and linked document when reconciling bank statements. If there is more than one subject linked to the account and linked document, a window is opened where you can select it.

Customer Payment

You receive payment made by Customer & Co in the amount of €1,000. The customer paid the whole amount as stated on the 07-300-000057 invoice. The received customer payment is posted to the credit side of the account 1200 where you have already posted customer receivables from the invoices issued:

1. Enter account number: 1200
2. Enter name of the subject from which you received inflow.
3. Enter or select ID of document and linked document to close.

Clicking  opens a dropdown list. You can open it by using key combination ALT + down arrow.

1. Amount to be posted to the credit side is offered automatically. That is if you have entered the correct account, subject and linked document ID. You can change it manually (in case of partial payments).
2. Date of period from the journal entry header is used for payment date.

Payment of Supplier Invoices

You settled the whole amount as stated on the 07-100-000060 invoice to the Supplier & Sons. Payments of supplier invoices are posted to the debit side of the account 2200, where you have already posted supplier payables on the basis of the invoices received.

1. Enter account number: 2200
2. Enter subject to whose account the paymet will be transferred.
3. Enter ID of document and linked document to close.
4. Amounts posted to debit side are offered automatically having previously entered the correct account, subject and ID of linked document. You can also change it manually (e.g. in case of partial payments).
5. Date of period from the journal entry header is used for payment date.

Enter Data in the Following Way When Reconciling Bank Statements for Customer Payments and Payments of Supplier Invoices:

1. Enter account number.
2. Enter ID of the linked document for payment.
3. Document ID, subject and outstanding payment amount are found automatically. You can also change it manually (e.g. in case of partial payments).

For detailed treatment of options available when reconciling bank statements see Journal Entry Lines - Bank Reconciliation.

Posting Withdrawal of Cash from Bank Account

3. Account 1000
4. Leave the Subject field empty
5. Enter check number in the Document field.
6. Enter the amount withdrawn - debit.
7. Enter internal PANTHEON ID of cash receipt in the Linked Doc. field.

Posting Set-off

It is recommended that set-offs are posted from the Set-off module. Otherwise, the document included in the preparation of set-off (status In preparation) is not shown among the outstanding items.

Amount of Credit Transactions Using Form 42 (That Is, the Statement Received):

1. Account 1209
2. Enter ID of document and linked document (e.g. K1).
3. Enter subject if it is not offered by the program.
4. Enter set-off credit amount if it is not offered by the program.

Amount of Debit Transactions Using Form 42 (That Is, the Statement Received):

1. Account 2209
2. Enter ID of document and linked document (e.g. K1).
3. Enter subject if it is not offered by the program.
4. Enter set-off debit amount if it is not offered by the program.

Contra Entries in Bank Reconciliation

2. Sum total of the credit statement is posted to the debit side of account 1100.
3. Sum total of the debit statement is posted to the credit side of account 1100.
4. Check if the journal entry is BALANCED!

Related topics:

• Manually Reconciling Bank Statements
• Reconciling Bank Statements by Departments and Cost Centers
• Manual Input of Journal Entry Lines
• Manual Input of Foreign Currency Posts

For a general description of functions see:

• Manual Posting and the Journal Entry