53 lines
1.9 KiB
Markdown
53 lines
1.9 KiB
Markdown
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### Bank Reconciliation Statement
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A Bank Reconciliation is a process that explains the difference between the
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bank balance shown in an organisation's bank statement, as supplied by the
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bank, and the corresponding amount shown in the organisation's own accounting
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records at a particular point in time.
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Such differences may occur, for example, because a cheque or a list of cheques
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issued by the organisation has not been presented to the bank, a banking
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transaction, such as a credit received, or a charge made by the bank, has not
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yet been recorded in the organisations books, or either the bank or the
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organisation itself has made an error.
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The Bank Reconciliation statement in ERPNext comes in the form of a report.
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#### Figure 1: Bank Reconciliation Statement
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When you get the report, check whether the field 'Balance as per bank' matches
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the Bank Account Statement. If there is a match then all the clearance dates
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are updated. If there is a mismatch then check clearance dates and journal
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entries.
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To add clearance entries go to Accounts > Tools > Bank Reconciliation
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### Bank Reconciliation Tool
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The Bank Reconciliation tool in ERPNext, helps add clearance dates to the
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account statements. To Reconcile cheque payments go to Accounts and click on
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Bank Reconciliation.
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__Step 1:__ Select the Bank Account against which you intend to reconcile. For
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example; HDFC Bank, ICICI Bank, or Citibank etc.
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__Step 2:__ Select the Date range that you wish to reconcile for.
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__Step 3:__ Click on 'Get Reconciled Entries'
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All the entries in the specified date range will be shown in a table below.
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__Step 4:__ Click on the JV from the table and update clearance date.
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#### Figure 2: Bank Reconciliation Tool
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<img class="screenshot" alt="Bank Reconciliation" src="/assets/manual_erpnext_com/img/accounts/bank-reconciliation.png">
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__Step 5:__ Click on the button 'Update Clearance Date'.
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{next}
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