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4.2. Bank Adjustment

Bank adjustments may be entered to record deposits or payments. Use the bank adjustment functionality to enter bank interest, bank fees, miscellaneous deposits, etc. To enter a bank adjustment, go to Accounting > Bank Reconciliation > New Adjustment. The following screen will appear:

Enter Bank Adjustment

When entering a bank adjustment, you are presented with the following options:

Bank Account

Specify the bank account you want to enter a bank adjustment for.

Adjustment Type

Specify the type of adjustment from the options in the drop-down list.

Date

Specify the effective date of the bank adjustment. The date entered must fall within a valid accounting period.

Document #

Creates a user-defined reference for the bank adjustment. The document reference will be posted with the general ledger (G/L) transaction record when the bank adjustment is generated. This field may be used for internal tracking and auditing purposes.

Amount

Specify the monetary value of the bank adjustment.

Tip

Bank adjustments, when marked as cleared, may also be posted when a bank account is reconciled.