Page 46 - Participant Guide - Unanet GovCon Closing a Fiscal Period (2)

3. View (use magnifying glass icon) the Unreconciled Bank Statement to answer
the following questions:

Questions Answers
Under CALCULATED CURRENT BALANCES:

What is the Total for Checks & Credits? (This
represents what has been selected as cleared
during the reconciliation process)
Under CALCULATED CURRENT BALANCES:

What is the Total for Deposits & Debits?
(This represents what has been selected as
cleared during the reconciliation process)
Under CALCULATED CURRENT BALANCES:

What is the Ending Balance?
Under CALCULATED CURRENT BALANCES: YES or NO
Is the Unreconciled Balance Zero ($0.00)?

4. If the Unreconciled Balance is Zero, then Click Edit at the bottom of the View
page which will take you to the Checks & Credits page, scroll to bottom and
Click Reconcile

Bank Reconciliation Report

Navigate: Reports > Dashboard > General Ledger > Bank Reconciliation

Displays the reconciliation between a particular bank statement (bank account and
statement date combination) and the associated general ledger balance as of the fiscal
period associated with the statement date. There are three sections in the report:

• Cleared Transaction - transactions that cleared the bank in the referenced bank
statement.
• Uncleared Transactions - transactions that have been posted to the general
ledger in a period less than or equal to the fiscal period that have not cleared the
bank in any bank statement with a statement date less than or equal to the
specified bank statement.
• Cleared Bank but not in GL Balance Transactions - transactions that have
cleared the bank in a bank statement with a statement date less than or equal to
the specified bank statement but are posted to a fiscal period greater than the
fiscal period.

LESSON 6: RECONCILIATIONS
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