Introduction

Bank reconciliation is a process of verifying and matching transaction records from your bank accounts against the transactions listed in the bank statements. The reconciliation process ensures proper and accurate cash flow record keeping. In Exact Globe, the cash flow transactions can be created from both the bank or cash journal and cash flow entry. The cash flow transactions were reconciled when the bank statement date and number are linked to the transactions.

In this enhancement, the fields in cash flow, bank journal, and cash journal entry screens are updated to ensure that the reconciliation logics and records are consistent between these functions, which eliminate the potential confusion when the records are retrieved from the database.

Menu path

• Finance/Entries/Bank/Cash
• Cash flow/Entries/Cash flow

What has been changed

The following changes are implemented for the Australian, Hong Kong, Indonesian, Japanese, Malaysian, Filipino, Singaporean, Thai, and Vietnamese legislations:  

• A Reporting date field is added to the Unallocated section of the Cash flow entry screen.
• The Statement number field of the bank and cash journal header is renamed to Entry no.

For more details of the changes, see Release 380: Functional logic change in handling of reporting date in cash flow entry.

Related document

• Release 380: Functional logic change in handling of reporting date in cash flow entry