Bank Serivces and G/L

[kongming1]

If I need to write a cheque without using payment functions in A/P module, Can I just make the journal entry in G/L? What happen to the Bank Servies? As my understanding, the amount paid will not be in the reconciliation status report and therefore the the reconcilaiton may be affected, if this is the case, how can I correctly to enter the payment?

Thanks in advance.

 

[ettienne]

You can enter the payment as a withdrawal in the bank reconciliation screen if you REALY do not want to use AP.
IMHO it is much easier to enter a misc payment in AP, this would be the recommended procedure.

 

[kongming1]

Dear Ettienne,

Thanks for your instructions.

Does it mean never do a G/L entry in G/L module relating to payment from a Bank Account? I once read from one instruction that "in order to use the AccPac bank reconciliation feature, all bank transactions must be entered in Bank Services. Bank entries made as General journal entries in the G/L can not be reconciled." How to interpret this?

 

[jayconverse]

It's easy to interpret. It means "in order to use the AccPac bank reconciliation feature, all bank transactions must be entered in Bank Services. Bank entries made as General journal entries in the G/L can not be reconciled."

Jay Converse
IT Director
Systemlink, Inc.

 

[kongming1]

So, as I mentioned, NEVER do an journal entry when make payment from a bank account, otherwise, there will be problem when reconciling bank statement, because the payment transaction entry made in the G/L module IS NOT on the reconciliation status, and if the payment is shown on the Bank Statement, you may think it is not entered and then enter it in the reconciliation, therefore the G/L bank account will be duplicated. Right?

 

[jayconverse]

Yup.

Jay Converse
IT Director
Systemlink, Inc.

 

[kongming1]

Thank you a lot.