Bank Reconciliation Report - Bank Statement Reconciliation Section
The Bank Statement Reconciliation section of the Bank Reconciliation Report compares the sum of the items that you mark on the Bank Reconciliation window to the bank statement closing balance.
The program calculates the Calculated Statement Balance using the following formula:
Calculated Statement Balance = Opening Balance on Bank Statement - Cashed Checks + Cleared Receipts
+/- Total Outstanding Bank Errors
The program calculates the Difference by subtracting the Bank Statement Balance from the Calculated Statement Balance. Refer to Bank Reconciliation Troubleshooting if the Difference is not zero.