Reconciliation Transaction Type Settings
Access
Use this routine to create transaction types for use when creating manual reconciliation records, for example via the routine. You can create as many as you want, but you cannot remove any bank reconciliation transaction types once you create them.
Use this routine to create bank reconciliation transaction types for use when
You can create new records as well as change pre-loaded ones, but you cannot remove any bank reconciliation transaction types once you create them.
Bank Reconciliation Type CodeEnter the code (up to five digits) for the reconciliation transaction type you want to create or edit. If you click on the Search button, a list of existing bank reconciliation transaction types appears from which you can choose.
DescriptionEnter a description of the transaction type you want to create or edit. You can enter up to 30 alphanumeric characters.
Short DescriptionEnter a short description (up to 10 alphanumeric characters) that the system can use when producing totals and summary information on the Report Reconciliation Transactions routine.
General Ledger AccountEnter the default GL account number (if any) you want to use to offset the ‘Cash in the Bank’ post.
Post to General LedgerTo default a check-mark into the Post to General Ledger field in the Enter a Reconciliation Transaction routine whenever you use this reconciliation transaction type in that routine, check the box at this field. To default no check-mark, leave this field blank.
Requires Deposit Type CodeIf you check this box, then when using this transaction type in the Enter a Reconciliation Transaction routine, the Deposit Type Code field activates into which users must enter a deposit type code.
Requires Transfer BankIf this transaction type requires a transfer of funds from one bank to another, check the box. Otherwise, leave the box blank. If you check this box, then when using this transaction type in the Enter a Reconciliation Transaction routine, the Transfer Bank field activates into which users must enter a second bank ID. Note that the system generates two reconciliation records to represent each transfer.
Auto Reconcile to BAI