Setting up for a first Bank Reconciliation

If you have been using VisionVPM without using the bank reconciliation facility the first step is to clear all old transactions from the Bank Reconciliation window and create a starting point (opening balance).

Clear Unnecessary Items

This example uses a first reconciliation date of 1 June 2007, however you may use any date you wish – just substitute it where this example refers to 1 June 2007.

Before you start you will need to have the physical bank statements up to and including 31 May 2007.

1. Go to: Main menu > General Ledger module > General Ledger menu > Bank Reconciliation.

   

2. The default bank account will be displayed. To select a different bank account, click the Account arrow and double-click to select the required account.
3. In the Statement No. field, type 99999.

   This number will be the statement number for your junk statement.

4. Click OK.

1. Select all items that have been presented on your previous bank statements, up to and including 31 May 2007.
2. Click the Reconcile button.

   Any items with a date prior to June in VisionVPM that have not been presented on any of your bank statements to the end of May, will need to remain on the Unreconciled list.

3. When the only items on the Unreconciled List are ones that have NOT appeared on any Bank statement prior to 1 June, click Save.
4. Click Yes to the prompt, Do you want to print this statement?

   This will give you a hard copy of all the transactions processed prior to starting to use VisionVPM for bank reconciliations. Note: This can be very large.

5. Click Yes to the prompt, Do you want to print the Unpresented List?

   This list should contain only items that are yet to be presented after 31 May 2007.