MODULE 8: Monthly and Year-End Processing
MODULE 9: Utilities and Maintenance
MODULE 10: Reporting and Analysis
Final Exam
Capstone Project
3 of 3

Lesson 8.2: Activity

Practical Activity: Reconciling a Bank Account

Objective: Simulate reconciling a monthly bank statement including a service charge.

1. Start: Go to Transactions > Activities > Bank Reconciliation.

2. Setup:

    ◦ Select your “Operating Checking” account.

    ◦ Set the Reconcile as of date to the end of the current month.

    ◦ Enter a Bank Ending Balance that is $10.00 less than your current book balance (to simulate a service fee).

3. Clear Items: Check the boxes for all transactions listed (assuming all have cleared). notice that the Difference is likely $10.00.

4. Add Fee:

    ◦ Click ADD ADJUSTMENT.

    ◦ Select Checks and Payments (Credit).

    ◦ Amount: 10.00.

    ◦ Account: Select “Bank Service Charges” (or similar expense).

    ◦ Click OK.

5. Verify: Check the Difference field. It should now read 0.00.

6. Finish: Click Finalize and then OK.

7. View Report: Click the Reports button on the reconciliation toolbar to view the PDF history of the reconciliation you just created.