Bank account reconciliation date cleared
To help you manage the date on which bank account ledger entries and check ledger entries cleared, Sparkrock 365 includes a Date Cleared field on the Bank Acc. Reconciliation, Bank Account Ledger Entries, and Check Ledger Entries pages.
On the Bank Acc. Reconciliation page, you can edit the Date Cleared field. Alternatively, Sparkrock 365 automatically updates the Date Cleared field during posting.
When you choose the Post action on the Bank Acc. Reconciliation page, Sparkrock 365 performs the following steps:
- Searches for records where the Applied checkbox is selected for a bank account ledger entry and performs validations on the bank account reconciliation, for example, verifies that a value is populated for Statement Date, and that the value of Statement Ending Balance is the same as the value for Total Balance.
- On the Bank Acc. Reconciliation, Bank Account Ledger Entries, and Check Ledger Entries pages, updates the Cleared field with the Statement Date value from the Bank Acc. Reconciliation page.
For bank account ledger entries, Sparkrock 365 only updates records where the Document No. is the same on the Bank Acc. Reconciliation and Bank Account Ledger Entries pages.
For check ledger entries, Sparkrock 365 only updates records where the Document No. on the Bank Acc. Reconciliation page is the same as the Check No. on the Check Ledger Entries page.
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