This file contains the outstanding check records prior to reconciling your software bank records with your bank statement.
Outstanding check records are generated when checks are issued from:
To view the checks on the screen at the Bank Account field, accept ALL to view checks for all banks, or enter the G/L account for a preferred bank, or select it from the window.
Click the EXP/CON button to view any note details linked to the check.
Check records can be deleted from, and additional checks can be added to the Outstanding Check file.
These Outstanding Check records are held in the Outstanding
Check file until they are dated as cashed in the Check Reconciliation utility.
When a check is dated as cashed, it is moved from the Outstanding
Check file to the Cashed Check file.
Note: The Bank Reconciliation also
updates the check status.
When the Bank Reconciliation utility is used
to agree the monthly bank statement with all the transactions
posted to the G/L bank account and a statement is balanced and
"Finalized", the Check Reconciliation is
also updated moving any reconciled checks from Outstanding
Checks to Cashed Checks.
The Cashed Checks are held in Cashed Checks until they are deleted. The deletion option is provided after printing the Cashed Checks Report.
ACTIONS:
Additional actions provided by buttons on
the Outstanding Checks screen include:
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