If you choose to use a holding account for your Cash & checks, It can be very helpful to know that you can use the Bank Reconciliation to manage your cash Flow. By verifying cash & checks when making your bank deposits you can ensure accuracy when you balance your checking account.
Access Bank Reconciliation in General Ledger
Select date range
Choose cash drawer or Undeposited Funds from account selection
Review Transactions
Check starting and ending balance (usually zero)
Click "Get Transactions" to view all transactions
Verify Cash and Checks
Filter transactions by type (e.g., sales transactions)
Verify cash entries and checks for specific dates (e.g., September 13th)
Select transactions to verify, expanding rows to see individual transactions when necessary
Save and Create Voucher
Save verified transactions
Click Create Voucher
we will show the total $ verified as your line in the voucher
Add description (e.g., cash and checks for 9-13)
click +Entry to add an additional line
Select GL account to move funds to your bank operating account
You will be crediting your cash Drawer and Debiting your bank account
Change the Date to match your deposit date
Confirm Completion
Check for a ticket symbol next to the date on verified transactions to indicate voucher completion
Ensure money is moved out of the cash drawer with a voucher