How do I Reconcile a Bank Account

How do I Reconcile a Bank Account

To reconcile a bank account in darwin Cloud

  1. Go to Banking
  2. Click the Reconciliation submenu
  3. Click new
  1. Choose the company
  2. Select the bank account
  3. Enter the starting balance based from the bank account statement
  4. Enter the ending balance based from the bank account statement
  5. Click start
  1. Enter the date on the show only Chk and Dep thru field (last day of the month that will be reconciled)
  2. Quick filter using the dropdown list
  3. With the bank statement in hand, check the boxes under cleared column for the checks and deposits that correspond to the statement as each item is found

NOTE: In the bank reconciliation screen, the user may sort any of the Header items by clicking in the field that you would like to sort as seen below.

  1. + deposits clear equals the total deposits on the bank statement
  2. - checks clear equals the total checks and withdrawals on the bank statement
  3. If the out of balance equals to $0.00 that means the bank reconciliation was accurately done
  4. Click print for a bank reconciliation report
  1. Once everything is in order, properly check the out of balance is $0.00, then click reconcile

    • Related Articles

    • Automatic Bank Reconciliations

      darwin Cloud now includes automatic bank reconciliation User setup bank account authorization within darwin Cloud. Then, each day, your bank sends all your bank activity into darwin Cloud automatically. When ready to do your bank reconciliation, ...

    • How to reconcile Forte payments

      Forte bank statements shows the amounts in lump sum while Darwin shows the users the breakdown of the transactions paid in Forte. Below is an example of how the bank statement show for the total of Forte payments for the day. Below is how the ...

    • Add/Edit Bank Accounts in the Chart of Accounts

      Click Ledger Click the Chart submenu To create a new bank account Click new If there's only one company managed by darwin Cloud, that company will display. If there are more than 1 company that is managed by darwin Cloud, there will be dropdown list ...

    • How to Set Up and Use the Bank Stream

      What is the bank stream? Companies can connect their banking and credit card information to the Banking section of darwin Cloud to see all debit transactions and daily balances. Only transactions that are not currently in darwin Cloud will be pulled ...

    • Merchant Account for Credit Card Payments

      Set-up a merchant account with Forte Payment Systems Forte Payment Systems is an independent company that will handle all of your Direct Deposits and all of your Credit Card charges to Agents. This company has a long history or providing merchant ...