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All deposits from the Accounts Receivable module and checks from the Accounts Payable module flow into the Bank Reconciliation module. Reconciling a cash accou is accomplished by simply clicking your mouse on checks and deposits that have cleared. The Bank Reconciliation module also calculates the outstanding checks and deposits and reconciles the cash and bank statement amounts.
After checks and deposits have been cleared in the Bank Rec. Entry, a complete Bank Rec. is printed detailing bank balances, book balance, outstanding checks, and outstanding deposits.
Bank Reconciliations are archived and can be reprinted at any time.
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