In order to be able to access the Bank Reconciliation option you must have permissions to the Financials module. The permissions are security profile driven so depending on which security profile your user is assigned to, you will either have access or you won't.
All of your existing data and reconciliations that you have done using the old bank reconciliation will remain intact and you can continue to work seamlessly.
If you have not yet imported a bank statement for the nominal bank account, we recommend that you do this action first as you will not be able to use the reconciliation functionality otherwise. You can import your bank statement in two different ways, either by going through a manual import or using the Download Bank Statement functionality.
For more information on how to import a new bank statement manually, please refer to our Set up a new mapping for bank statements article and for downloading statements from your bank if you have Bank Feeds set up, please refer to our Download bank statements using the Bank Feeds connection article.
You can access the new Bank Reconciliation screen either through the Cash Book or directly from the Bank Reconciliation option, in the Financials module.
Access the New Bank Reconciliation directly from the navigation panel
Click Financials then click Bank Reconciliation.
Note: The Bank Reconciliation screen opens with no Bank Account selected or any transactions listed. You will need to select your nominal code for the bank account you wish to work with by either typing in the nominal code or name.
You must know the first few characters of the nominal code or name as this search is what we refer to as a "Begins With" search.
Alternatively, you can access a more advanced filtering option by clicking on the drop-down next to the Bank Account field, then clicking on Show More to open up a larger screen.
To open the filters, hover over the label of the columns until you see 3 small horizontal lines.
Click on the 3 lines to open the Filtering popup where you can select the relevant filtering option you want to work with.
Click Confirm Selection to be taken back to the Bank Reconciliation screen with your selected statement and its transactions displayed for you.
Access the New Bank Reconciliation from Cash Book
Click Financials then click Cash Book.
Note: All Bank and Petty Cash type nominal accounts are displayed for you. You can narrow down you search using advanced filters. You can also search on the columns directly by pointing the mouse to the name of the column and click on the icon and choose from the available filter list, then click OK.
Select the checkbox in front of the nominal bank account that you wish to work with.
Note: The Action Panel automatically opens from the right-hand side of the screen.
Click on the Bank Rec tab on the Action Panel.
If you have already got bank feeds set up on the selected account, click on the Auto-Match action card.
You are taken to the Bank Reconciliation screen where all your statement and cash book transactions are displayed.