1. BANK RECONCILIATION January 27, 1999

2. Bank Reconciliation §What is Bank Reconciliation? l Matching the system’s record of transactions with a bank’s record of these transactions. l Reconciliation is done separately by each bank code (set up on FTMBANK) l Two methods: Automatic and Manual

3. Automatic Reconciliation §Bank provides statement information on a disk, tape, or directly via ftp process §IT Department loads the bank statement information into the FABBKTP table l ASCII format, Comma-delimited §FABBKTP populates FAABREC form

4. Manual Reconciliation Using FAABREC §Each bank is reconciled individually §Used when account activity is small §Enter bank statement information directly into form

5. Reconciliation Procedures §Enter bank statement data on FAABREC §Run FARBREC in Repeating mode §Make any necessary changes to FAABREC §Run FARBREC in Repeating mode (until all items are reconciled) §Run FARBREC in Final mode

6. Deposits §Possible Sources l FGAJVCD - Journal Vouchers (J-doc) Example: Rule Codes CR05, JE15, etc. l Accounts Receivable feed (F-doc)

7. FGAJVCD - Journal Vouchers §Any JV with a rule code that affects a bank code and cash account will appear on the bank reconciliation §Most net to zero -- need no intervention §Make reconciliation report massive

8. FTMSDAT Eliminate JE15 from Bank Rec Process §Entity/Usage Code §Attribute Code §Optional Code #1 §Optional Code #2 §Description §Data §FABCHKA §Event_Code §OMIT1 §D §Omit from Bank Rec §JE15

9. Reconciliation Procedures §Enter deposit data on FAABREC §Run FARBREC in Repeating mode §Make any necessary changes to FAABREC §Run FARBREC in Repeating mode (until all items are reconciled) §Run FARBREC in Final mode

10. Bank Reconciliation ???Any Questions???