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Once you have arrived at a balance as per Bank statement through the Bank Reconciliation page, click on the Bank Reconciliation Report in the AccountingBook links in the home page.
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A new page opens where you need to add the relevant values
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- Select the Account for which the Bank Reconciliation Report is needed from the drop down menu
- Select the statement date for which the Bank Reconciliation Report is needed
- Click on the Go button to get the Bank Reconciliation Report
The Bank Reconciliation Report will be as follows:
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- It will display the Closing Balance as per Company Books
- It will notifies the causes of difference between the Bank balance as per Company Books and the Balance as per Bank Statement
- Deposit and other credits not reflected in Bank will be deducted from the Closing Balance as per Company Books to arrive at the Balance as per Bank Statement
- Checks and Payments not reflected in Bank will be added from the Closing Balance as per Company Books to arrive at the Balance as per Bank Statement
- Finally, it will display the Closing Balance as per the Bank Statement
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