When transferring money from one cash account to another this transfer should be in both bank reconciliation accounts to clear individually!
by: Regina J. | over a year ago | General Ledger
Completed
48
Bank Reconciliations
by: Regina J. | over a year ago | General Ledger
Comments
Consultants recommendation was to enter FROM bank account to Cash Clearing as a check; add deposit TO bank account as deposit to Cash Clearing. Should streamline this task with a Bank Transfer screen (as in Sage 300) that would make the appropriate entries to each bank account.
Having a Clearing G/L account does work, but it creates twice the journal entires, if you want it to show in both bank recs when you go to reconcile them. Just undo the clearing of the second half of the entry (in the corresponding account), please!
Transfer from checking (1-1) "a" bank account to a "cash clearing account in the grid, then go in deposits (1-2) and enter the "b" bank account you want the deposit it in and in the grid use that same "cash clearing account".
Under 1-General Ledger, create a menu option for processing transfers. We have a SWEEP account and to be able to see the transactions, you have to create twice as many entries so that you can reconcile the accounts individually. Twice as much work as it should be right now.
Delivered in version# 22.1.