Set up statement information

Article • 4/27/2026 • 2 min read

The first step in reconciling accounts is setting up the statement summary information.

To set up statement information

  1. Open the Bank Reconciliation (BANKREC) page.

    1. Select Financial Management > Financial Transactions > Bank Reconciliation.

    Or

    1. Search for BANKREC or Bank Reconciliation in the Navigation box and then select Bank Reconciliation.

    The Bank Reconciliation (BANKREC) page appears.

  2. On the toolbar, click New.

  3. Click the Bank Name Lookup Reference.

    The Lookup For Bank Name window appears.

  4. Perform any one of the following:

    » Double-click the row that contains the account to reconcile.

    » Select the row that contains the account to reconcile, and click Select.

    Click **Cancel** to exit from the **Lookup For Bank Name** window.

  5. In the Bank Statement Date box, enter date of the bank statement.

  6. Enter statement information:

    1. If the value in the Beginning Balance box does not match the beginning balance on your bank statement, enter the new value in the Beginning Balance box.

    2. If the date in the From box, in the Statement Period area does not match the statement period start date on your bank statement, enter the new date in the From box.

    3. If the date in the To box, in the Statement Period area does not match the statement period end date on your bank statement, enter the new date in the To box.

      Or

    Click the Calendar icon to display a calendar. Select the required date.

    1. In the Statements column:

      1. In the Checks Paid(-) box, enter the total of all traditional paper checks paid.

      2. In the Other Withdrawals(-) box, enter the total of all other withdrawals.

      Include electronic transfers, debit card transactions, charges, fees and so on in the other withdrawals value.

      1. In the Deposits(+) box, enter the total of all deposits. Or

        Click the Calendar icon to display a calculator. Enter the required value.

  7. On the toolbar, click Save to keep the changes.

The next step is Clearing withdrawals.