Prepare to use bank reconciliation

Before you reconcile your accounts, complete the following steps.

To prepare to use bank reconciliation

1. Prepare the general ledger.

2. Set up accounts receivable general ledger accounts and aging periods.

3. Set up general ledger accounts and aging periods for accounts payable.

4. Set up accounts payable invoicing.

5. Set up currency formats.

6. Set display formats.

7. Set up bank account information.

When you set up bank accounts, use a separate cash account for each bank account.

8. Deposit receipts.