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Every beginning of the month you will receive Statement of Accounts for your company's bank of the previous month's banking activities of your deposits and payments. The month end balances will, often than not, never the same figure as compared to your bank ledger in your general ledgers accounts if you are still issuing cheques to suppliers. In this instance, you must do a bank reconciliation every month to account for the discrepancies. If you are doing transfer and no more issue cheques to your supplier, the bank reconciliation work is much less or even none at all.
Step 1/4: Click A/c Entry --> Bank Reconciliation
Step 2/4: Click [Add]
Step 3/4 : Follow the steps [1] to [9]
At [8] Once there is no variance , the current month's bank reconciliation is correct.....If there are items in the statement but not taken up...there will be a variance...see Step 4/4 below.
Next , learn how to print Bank Reconciliation
http://realtimme.cloudapp.net/basic/index.html?bank_reconciliation.htm
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