INFORMATION:  

 

Bank Recon – Step # 7 – Finished

 

PROCESS:

 

From Bank Recon > Bank Recon > Step 7

 

 

Step # 7:   This is the final step that confirms whether or not you are in balance.  

 

As you work through the bank reconciliation process, the blue and white reconciliation grid is constantly updating and calculating the Bank Balance + Other Assets Total.  

 

  • This total should equal the Receipts and Disbursements Report Ending Asset Balance.  If these two totals agree when you click on Step #  7,  a Congratulations message will display. 

 

  • If these two totals do not agree when you click on Step # 7, the out of balance message will display and show how much you are out of balance.  

 

  • For a list of balancing suggestions, see “Bank Recon – Out of Balance?  Suggestions” or click the Help button in the Step # 7 message.  You can click on the individual Step buttons to return to a Previous Step to make any corrections needs to resolve the out of balance situation. 

 

The Additional Comments text box allows you to enter any notes that should be printed on the Main Bank Reconciliation report.  These notes will only print on the report and are not saved within SFO.  

Tip – If an amount was entered on Step # 5, the Additional Comments box can be used to provide a longer explanation for the Step 5 adjustment. 

 

To complete the reconciliation process, follow the instructions in the Step # 7 Congratulations message. 

 

  • Click on the Generate All Recon Reports button and scroll down on the screen to preview and print the Main Bank Reconciliation Report, Deposits in Transit, Cleared Deposits, Outstanding Checks and Cleared Checks reports. 

 

  • If you printed these reports on Step # 3 & 4, click on Generate Recon Report to print only the Main Bank Reconciliation Report. 

 

 

 

 

IMPORTANT:  Remember to click on the  button after printing the reports. 

 

 

Clicking on the Finish button closes the reconciled month and does 3 things: 

  • Saves the reconciliation reports to the Reprint Past Reconciliations screen. 
  • Clears out the information from all of the step screens. 
  • Advances the Statement Ending Date to the next month to be reconciled.