In addition to checks, receipts, deposits, transfers, and non-checking entries, you also need to account for returned checks as well as other bank reconciliation entries in General Ledger.
Other bank reconciliation entries include items you received after your bank statement. This could include items, such as:
Interest
Bank service fees
Direct deposit fees
Any other charges applied by your bank
1. Open Connect General Ledger > Journals > Enter Journal Amounts.
The Options form displays.
2. Set up the Options.
Select the Journal.
I want to enter returned checks, service fees, and other charges. Select CD.
I want to enter interest, electronic deposits, and other credits. Select CR.
Select the Period.
Use the Period menu to select the GL period that you will use to record the returned check or other bank reconciliation entry.
Click OK.
The Enter Journal Amounts form displays.
3. Select the Mode.
What is the Mode?
I want to enter amounts as they appear. Use the Mode menu to select Normal.
I want to enter an amount and Connect will entry will record the difference between the amount entered and the total year-to-date amount. Use the Mode menu to select Year-to-Date.
4. Select the Sign.
This is sign given to the amount that you enter as the journal entry amount. If you use Normal mode, and you enter $100.00 in Amount field, Connect will record 100.00. If you choose Reverse mode, and you enter $100.00 in the Amount field, Connect will record -100.00.
What is the Sign?
I want to record the amount as it is entered. Use the Sign menu to select Normal.
I want to record the amount with the opposite sign. Use the Sign menu to select Reverse.
5. Enter the returned checks and other bank reconciliation entries. .
The Activity and Job Number fields are optional. You can use these fields to link the manual check entry to an activity in General Ledger or a job in Project Accounting.
6. Press Enter again to save the entry.
What if I'm closing a bank journal? If you're closing a bank journal, you have the option to create an automatic offsetting entry to balance the journal. Select Yes.
General Ledger creates an entry for returned checks, service fees, and other charges in the CD journal. General Ledger creates an entry for interest, electronic deposits, and other credits in the CR journal. .