Entering bank transactions for reconciling

[KimS]

Hi
I asked this question in another post, but I need more detailed help.
When entering bank fees and interest, what number is used for the reference number (for ref./check no)?

How are NSF checks handled? Are they processed in Fund Acounting also? Is there a report or something that is generated that shows what was entered in the past that I may be able to use as a guide?

Thanks in advance for your help.
Kim

[NeilZ]

Hi
I asked this question in another post, but I need more detailed help.
When entering bank fees and interest, what number is used for the reference number (for ref./check no)?

How are NSF checks handled? Are they processed in Fund Acounting also? Is there a report or something that is generated that shows what was entered in the past that I may be able to use as a guide?

Thanks in advance for your help.
Kim

If I remember right, the reference number is something for you to be able to track the source document. Since its for bank fees and interest, you could list the date of the bank statement, or something like that.

As far as NSF checks, I am assuming that you mean contributions. What happens is that the financial secretary, or whomever you use to monitor the contributions side of the system, should do a contribtuions entry for the original date of the contribution, then enter the amount of the check as a NEGATIVE number. They should then post that to Funds Accounting.

All you need to do on the Accounting side is post that transaction to the system, and add a transaction to account for any bank charges that may have been accrued against your bank account.