Using Accounts Payable

Checks: Reconciling ChecksManual Check ReconciliationYou can reconcile checks individually, for one bank code at a time.The Manual Check Reconciliation (RECM) FormUse the Manual Check Reconciliation (RECM) form to individually reconcileoutstanding checks for one bank code.Figure 81: The Manual Check Reconciliation (RECM) FormWhen you access the RECM form, you can enter one bank code to work with.For example, if you received a bank statement from your financial institutionand you want to check that statement with the information in your system, youwould enter the bank code associated with your financial institution and therange of checks listed on the statement. You can then compare the checkinformation between the statement and your system.For each check listed, you can either enter “Yes” in the Reconcile window toreconcile the check on the reconciliation date or enter “No” (or leave thewindow blank) to not reconcile the check. Compare the amount in theAmount window with the amount on the bank statement. If the amountsmatch, then the check is reconciled and you can enter “Yes” in the Reconcile412 Using Accounts Payable, June 19, 2009© 2009 Datatel, Inc.