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Description of the transaction flow in Bank Reconciliation for Microsoft Dynamics GP

TechKnowledge Content
SUMMARY

This article describes the effect on the General Ledger balance and the Bank Reconciliation Checkbook balance when transactions are posted in Bank Reconciliation in Great Plains.

MORE INFORMATION

The following table summarizes how Bank Reconciliation transactions affect the General Ledger and the Checkbook balance.
Transaction TypeUpdate Checkbook BalanceUpdate General Ledger
CheckYes Yes
WithdrawalYesYes
Deposits
- with receiptsYesNo
- without receiptsYesNo
- to clear unused receiptsNoNo
Increase AdjustmentYesYes
Decrease AdjustmentYesYes
Receipts
CheckNoYes
CashNoYes
Credit CardNoYes

This article was TechKnowledge Document ID: 6982
Properties

Article ID: 866167 - Last Review: 12/14/2015 18:22:00 - Revision: 5.0

Microsoft Dynamics GP 2015, Microsoft Dynamics GP 2013, Microsoft Dynamics GP 2010

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