Bank Reconciliation Overview

You use the Bank Reconciliation screen to reconcile your bank statements against the transactions recorded in MGL.

To process a bank reconciliation in Micronet:

1. Select the bank account you want to reconcile.

Refer to "Selecting the Bank Account to Reconcile".

2. Optionally, import bank statement data that has been saved in a file from ANZ Online.

Refer to "Bank Reconciliation - Edit - Load from ANZ Online".

3. Optionally, find specific transactions by searching for the entries you want to present or sorting the transactions.

Refer to "Finding Transactions" and "Sorting Transactions".

4. Select and present the appropriate transactions.

Refer to "Selecting and Presenting Transactions".

5. Optionally:

• enter bank charges - refer to "Bank Reconciliation - File - Bank Charges"
• print a Sub Detail and Other Side report - refer to "Bank Reconciliation - Edit - Sub Detail + Other Side Report"
• turn consolidation of transactions on or off - refer to "Bank Reconciliation - Edit - Enable Consolidating"
• prepare and post journal entries - refer to "Bank Reconciliation - Edit - Journal Entry".

6. When you have finished reconciling the bank statement, clear all presented transactions from the Bank Reconciliation screen using the END PERIOD option.

Refer to "Bank Reconciliation - File - End Period".

7. Optionally, print a Bank Reconciliation report.

Refer to "Bank Reconciliation - File - Print Report".

8. Select FILE | SAVE to save your changes.

For more information, refer to "Bank Reconciliation - File - Save".