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  • Cash Management and Bank Reconciliation Hints and Tips

    The ‘Book Balance’ is the balance in Cash Management Module. It is not the General Ledger balance in General Ledger. The Bank Balance (Book Balance) calculated in Reconcile Bank Accounts is the sum of any beginning balance entry made in Cash Management…
  • Clearing Transactions for Reconciliation

    Regarding the Reconcile Checking Account tab, I know that I am supposed to check off those checks that have cleared the bank, however do I also check off other non-check related transactions from the list if the bank statement I have states that those…
  • The bank cashed a payroll check for more than the check value. How do I reconcile?

    I have an issue reconciling my payroll bank account. My employee cashed a payroll check for $50 more than the value printed on the check. How do I reconcile?
  • RE: Cash Management

    Julie - I have run into this and it can be tricky. In some cases, the bank balance is not properly updated when you process some cash-related activity. For example, you might have a system shutdown or power surge right at the point that a check run is…
  • Voiding Instant Check entered in CM ONLY

    Earlier this month (July) I had an issue with a vendor check that had posted to the GL but did not appear in the Bank Reconciliation or the Check Register. Based on Knowledge Base ID: 20994 , I re-entered the check in Cash Management, without posting…
  • Cash Management, Bank Transactions, Does DO NOT post to G/L mean Cash Account will not be credited either?...

    If I do a Bank Transaction entry as a bank charge and choose NOT to post to G/L checkbox, does that mean nothing will post to the GLs the bank account GL or the offsetting expense (or whatever account?). Or, does it mean my GL for the bank account will…
  • RE: Bank Reconciliation Report

    Hi Elaine, Thanks for posting in Sage City. There are a couple of good articles in the knowledgebase to help troubleshoot the balances on the Bank Reconciliation report. Log into the Customer Portal and check out: KB5982 - "Totals are incorrect…