Bank Reconciliation

1. ### Step 1:

1. Log In

   • Access LawAccounting/CaseQube using your secured credentials.

2. Navigate to Banking Application

   • Click the App Launcher (nine-dot icon).

   • Type Banking in the search bar.

   • Select Bank Reconciliation Tab

3. Create a New Reconciliation

   • Click the New button to create a new bank reconciliation record.

2. ### Step 2: Enter Bank Reconciliation Details

Complete the following fields:

• Bank Reconciliation Name:
  Enter a descriptive name for easy identification.

• Statement Starting Balance:
  Enter the starting balance shown on your bank statement.

• Statement Ending Balance:
  Enter the ending balance shown on your bank statement.

• Statement Start Date:
  Select the beginning date of the bank statement period.

• Statement Ending Date:
  Select the ending date of the bank statement period.

• Bank Account:
  Choose the appropriate General Ledger bank account you are reconciling.

• Save the record to proceed.

3. ## Step 5: Navigating the Bank Reconciliation Record

Once the reconciliation record is created, you will see three main tabs:

1. Reconciliation Tab

• Summary View:
  Displays a high-level overview of the reconciliation, including the statement ending balance and any outstanding items.

• Transaction Matching:
  Shows checks, deposits, and other records alongside their matched bank transactions to confirm accuracy.

4. ## 2. Records Tab

• Detailed Transaction View:
  Review individual records including:

  • Date

  • Amount

  • Transaction type

  • Associated parties

• Matching & Clearance:
  Identify matched records and clear them to manage outstanding items efficiently.

5. ## 3. Bank Transactions Tab

• Imported Bank Transactions:
  Displays all transactions imported from the bank.

• Matching or Record Creation:

  • Select both a bank transaction and a LawAccounting record to match them.

  • If no matching record exists, clear the transaction and create a new record in LawAccounting to properly account for it.

6. Step 6: Understanding Additional Tools & Functionality

Related Tab:
View related journal entries, receipts, and disbursements tied to the reconciliation.
Click this image.

7. Details Tab:
Track changes made to reconciliation fields throughout the process.

8. Refresh Transactions Button:
Updates all bank transactions associated with the reconciliation.

9. Generate Reconciliation Report:
Download a PDF reconciliation report for records, audits, or compliance.

10. Clear All:
Removes all records currently included in the reconciliation.

11. Filter:
Apply filters to narrow down records and focus on specific items.

12. Set Complete:
Mark the reconciliation as complete once all discrepancies are resolved.