Reconciling bank accounts
Where do you go to reconcile bank account within the Accounting CS program?
What is Choose Actions > Reconcile Bank Accounts
What is the name of the article to assist you in troubleshooting missing checks from the reconcile bank accounts screen?
What is
"Checks missing from the Reconcile Bank Accounts screen."
How can you save time clearing transactions for reconciling back statements?
What is importing your bank statement can save you time.
What are at least 3 reasons the user cannot modify their transactions?
What are:
1. The transaction has been printed.
2. The transaction has a reference of AA99.
3. The transaction has been cleared in the Actions > Reconcile Bank Accounts screen or the Actions > Reconcile Impound Bank Accounts screen.
4. The transaction was entered for a prior-year posting period.
5. The transaction is an auto-reverse entry.
6. Client staff using Client Access.
7. The transaction is a proxy transaction.
8. Liabilities were generated for handwritten payroll checks.
9. The transaction was converted from CSA.
Find the article for troubleshooting bank recs.
What is a Bank Reconciliation?
What is a document that summarizes banking activity and allows you to compare the cash balance on a company's balance sheet to the corresponding amount on its bank statement.
What are at least 3 reasons why payroll checks may be missing from the Reconcile Bank Accounts screen?
What are:
1.The bank account is not approved for direct deposit.
2.Checks are eligible for direct deposit, but the ACH file has not been created.
3. Liabilities were generated as historical checks.
4. Payroll checks were entered for the wrong bank account.
5."Do not post payroll transactions" is marked.
6. Checks were converted from Creative Solutions Accounting (CSA).
Where can you import bank statements within Accounting CS program?
What is Choose Actions > Reconcile Bank Accounts > Bank Statement Import tab.
Where can I change the posting period?
What is choose Actions > Change Posting Period or using Icon at the top of program.
Does Accounting CS write bank error adjustment amounts back to the general ledger?
What is ACS does not, these errors do not usually result in money being deposited in or withdrawn from the bank account.
Where can you look in the Notes section for suggestions on how to balance the reconciliation?
What is Choose Actions > Reconcile Bank Accounts > Reconciliation Analysis tab.
Where do you go to mark, "Do not post payroll transactions?"
What is Choose Setup > Clients > Accounting Information tab > in the Payroll section.
You may download statements for reconciliation in any of what following format types?
What are:
How would I know when a transaction is on automatic reversal?
What is in the Actions > Enter Transactions screen, a "Journal entry" type transaction will show boxed checked for Auto-reverse next period.
How can you unfinalize a reconciliation listing?
What is highlight the bank rec you want to reverse the finalization for and then click Edit at the top of ACS then choose unfinalize bank reconciliation.
or
What is highlight the bank rec you want to undo and right click at the bottom of the screen then select Unfinalize Bank Reconciliation.
How would you utilize the Deposits & Additions tab, the Checks & Payments tab, and the Direct Deposit tab?
What is to view and/or clear credits, debits, and direct deposit amounts that appear in those tabs.
If payroll checks have already been printed for a bank account, what procedure would need to be done in order to correct or modify checks?
What is you will need to delete and re-enter the checks.
When you import a bank statement for reconciliation will you have to manually match the transactions?
What is no, the application automatically matches transactions in the import file to the transactions recorded in the application based on type, reference, and amount.
True or False
If you delete payroll liabilities for a Historical check, you cannot regenerate payroll liabilities.
What is True.
If the bank makes an error on the statement that was used for the reconciliation, how can you make a bank error adjustment?
What is mark Actions > Reconcile bank Accounts > Bank statement import and select adjustment box on imported transaction and choose Bank error from the GL Account drop-down list.
Where can you view the balances and differences in the reconciliation?
What is Choose Actions > Reconcile Bank Accounts > Account Summary tab
Ture or False
If you are using direct deposit through Kotapay, the file will not be automatically transmitted.
What is False
True or False
If a statement has already been imported for the current reconciliation and you import another statement, the application refreshes the Unmatched bank account transactions grid and the Unmatched statement transactions grid.
What is true.
If a transaction was cleared in a finalized reconciliation, what steps will you need to take in order to clear the transaction?
What is you will need to unfinalize the reconciliation in the Reconciliation of Bank account screen.
Is Sarah confident about troubleshooting bank rec calls for ACS GL users?
What is ask her after the first 2 weeks of taking calls in the GL queue.