- [Instructor] The Bank Reconciliation Module,
is another widely used and very useful module,
found within Dynamics GP.
Now that module started out as a third party product
and it has a little bit of a peculiarity to it
that I'd like to share with you.
Normally when you're entering transactions
into any module you will see a batch ID.
And notice on the Bank Transaction Entry window,
there is no batch.
Let's contrast that with Sales, Transactions,
Transaction Entry and you see the batch.
Same thing with Purchasing, Transaction Entry,
and you see the batch ID.
The batch ID is normally controlling the posting date.
So with bank transactions, you do not have a batch.
You enter them in one by one and post them one by one,
so there's a difference.
Keep in mind also that normally,
bank transactions are flowing in automatically
from other modules and you don't have to key them in.
So when you're cutting checks in AP Checks,
that creates bank transaction entries
that flow in automatically.
When you're doing cash receipts those increases
to your cash checkbook balance happen automatically as well.
So this is usually for some sort of adjustment or booking,
maybe something like a special wire transfer that you did.
So let's assume that we're putting in a wire transfer
as a decrease adjustment.
And we select our checkbook.
It will automatically generate a number,
based on your setup, that's in the Financial setup.
And we say who it's paid to.
That might be ABC Co.
The description is for rent, for example.
And we are doing a $10,000 wire.
If we had the bank wire number,
maybe we could put in some sort of official number
to tie it out.
It's good to have really good descriptions there.
And because we chose this checkbook
that is already linked to a general ledger account,
in this case since it's a decrease adjustment,
cash is being credited for the $10,000
so we don't have to fill out that side of the journal entry.
But in this case, I was paying the rent with this.
I would want to see if I could find a rent expense account
that I could charge this to.
And I could make a journal entry if part of this was rent
for one division or another division,
I could extend this journal entry downward.
But I'm therefore booking the journal entry into the GL
and the bank transaction entry as a decrease adjustment
into the Bank Reconciliation Module.