User Guide

Bank Reconciliation
Workbook 111
S
wc90wb.doc, printed on 1/3/02, at 11:14 AM. Last saved on 1/3/02 10:54 AM.
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Exercise 32: Reconciling Your Bank Account
You receive the following bank statement from the Central Bank
in Richmond:
&HQWUDO%DQN

01-15-2005

Richmond Branch
Date Transaction Amount
01-08-2005 Deposit: Cheque #141,
Batch 010805
$4,000.00
01-08-2005 Deposit: Cheque #142,
Batch 010805
$200.00
01-08-2005 Deposit: Cheque #143,
Batch 010805
$200.00
01-10-2005 Bank Transfer -$2,350.00
01-15-2005 Interest $0.25
01-15-2005 Bank Charges -$4.00
ENDING BALANCE
$2,046.25
This is a two-part exercise in which you will reconcile this
statement with the corresponding transactions in Simply
Accounting. In part 1, you will prepare the Central Bank account
for account reconciliation. In part 2, you will complete the
reconciliation.
Part 1: Preparing the Bank Account for Reconciliation
1. Open the Accounts window, and double-click the account
1067 Central Bank: Richmond.
2. Click the Account Reconciliation tab, and select Save
Transactions For Account Reconciliation.
3. Click the Linked Accounts button. In this window, you can
set linked accounts for revenue and expenses that regularly
appear on your bank statements. Enter or select the
following options: