We’re excited to introduce a new feature that has been added to our Bank Reconciliation Tools that will let Auto/Account Reconciler do some of the heavy lifting when reconciling your checkbooks.
This new feature will allow you to create General Ledger transactions at the time of reconciling your checkbook for the miscellaneous fees on your bank statement that do not already exist in Microsoft Dynamics GP. Such fees can include but are not limited to:
- Banking Fees
- NSF Fees
- Credit Card Processing Fees
Watch the video below to see the new feature in action:
This new feature has been added to the Account Reconciler window and is accessible from ‘GL Adjustments’. To create GL Adjustments, select the ‘zoom into’ option next to the GL Adjustments field. You can also access the Account Reconciler GL Adjustment Entry window by selecting the new menu item Acc. Rec GL Adjustment Entry in the Transaction Pane of the Financial Menu in the Encore Reconciler folder.
From within the Account Reconciler GL Adjustment Entry window, enter in the Transaction Amount, the Date, the Reference and the Offset Account. If there will be multiple offsets, enter the amount and offset accounts on separate lines.
Offset Types can be pre-defined, so that the Offset Account will default into the Account Reconciler GL Adjustment Entry window based on the reference. In the Offset Type Maintenance window, you enter the corresponding reference as a Partial Match Text. You can access the Offset Type Maintenance window from the Account Reconciler GL Adjustment Entry window, or directly from the menu item found in the Setup Pane of the Financial Menu in the Encore Reconciler folder.
Encore has provided three options when creating the Journal Entry/Entries. Select the desired option to group the offset lines by ‘Date’ or by ‘Reference and Date’. Alternatively; you can simply create a separate journal entry for each row.
When ready, select ‘Create Journal’ or ‘Create/Post Journal’ from within the Account Reconciler GL Adjustment Entry window. Once the Journal Entries have been posted, the transactions will move into the Account Reconciler scrolling window and the transactions will be marked as cleared.
Encore’s Auto Reconciler also supports the new feature; Adding GL Adjustments. Upon importing your bank transactions, any transactions that are flagged as ‘Match Not Found’ will be loaded into a newly created ‘Auto Reconciler Unmatched Import’ window for your review and action. From within the Auto Reconciler Unmatched Import window, select the transaction lines to import into the Account Reconciler GL Adjustment Entry window.
Additional Product Support Resources:
Access the latest Product Builds: http://www.encorebusiness.com/solutions/#microsoft-dynamics-add-ons
Request registration keys: firstname.lastname@example.org
Visit our Auto/Account Reconciler product page here on our website to access:
- User Manuals, click on the Resources Option
- Product demos, click on the Resources Option
Support Request Tip:
To assist in expediting the review of any issues please ensure that the following information is provided with a support request:
- Which Encore Product do you require support for?
- Which version of GP are you currently using?
- What is the build number installed for the Encore Product?
- (This can be found by logging into GP as ‘sa’ and going to Microsoft Dynamics GP > Tools > Setup > System > Encore product registration. Locate the product from the list. The Build Number will be listed on the right-hand side under Version)
If you have any questions about our Bank Reconciliation Tools or other Encore Products, please contact us.
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