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TC-08076 : Make a JE for bank charges each month from bank statements

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Process Area : F&A

Prerequisites


TC27 Set up links to bank accounts in Financial Institutions.
TC28 Set up links to credit card accounts in Financial Institutions.
TC1476 BAI2 manual bank file import

Steps To Execute

Role:  Kimray-Staff Accountant
Navigate to Transactions > Bank > Match Bank Data
Under Account Transactions, towards the bottom, click Add Journal Entry
On the Journal page, create the journal for bank charges (debit: bank charges, credit: gl bank account) and submit for approval
Once the Journal is approved, it will appear as a Journal, under Account Transactions for reconciliation

Expected Results

To ensure completeness and accuracy of cash account balances compared with bank statements for the reporting period.

Able to Add Journal for missing bank activity in GL