The Check Reconciliation area is used to reconcile the various asset accounts utilized in your system.  These could be Accounts Payable cash, Payroll cash, Money Markets, CD’s or Imprest accounts.  The system will maintain (per each account or a group of accounts) the outstanding deposits, outstanding checks and journal entries as they post to the various accounts.  You will be able to clear these items as they are posted to your bank statement.  Once you are finished with the check reconciliation process, you will be able to balance the adjusted bank balance to the balance sheet in your system. Reports are available to run that will show the cleared items and the outstanding items per reconciliation area.

There will be two Check Reconciliation processes that will be covered in the Finance Help.  The first one is the Check Reconciliation using statement date and the second one is Basic Check Reconciliation.  Please review both to determine which method you want to use.