Beginning Bank Balances from Bank Statements

To use the bank reconciliation utility to reconcile cash accounts against bank statements, this is where you will enter the Reconciliation Date and Reconciled Balance from your latest bank statements.

Navigate to Bank > Setup > Monthly Bank Balances

Cash Acct – Select from the dropdown list

Select Add

Reconciliation Date – Enter the last day of the month prior to going live in REALedger.

Reconcile Balance – Enter the ending balance from your bank account prior to going live in REALedger.

Disregard remaining fields, they will auto-populate when you start using REALedger bank reconciliation.

Select Save

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