Sage Timberline Office News & Tips
Tips & Tricks: Reconciling Cash Management for the First Time

Here are some tips to get your initial reconciliation completed.

1. Verify that all of your transactions in other Sage Timberline Office applications have been posted to ensure that all receipts from customers and payments to vendors are updated to the Cash Management System.
2. End any manual bank reconciliation you have in progress and start a new bank reconciliation in Cash Management.
3. Determine whether the sum of your open Cash Management transactions equal the open transactions from your manual bank reconciliation.
4. Determine if the open Cash Management transactions equal the General Ledger transactions that you entered after the statement date you reconciled to in step 2.
5. Enter all open transactions identified in step 4 that are already in General Ledger but missing from Cash Management.
6. Reconcile Cash Management to Cash Management.
7. Correct the General Ledger cash account totals on the bank account.

These tips provide a high-level process to follow for balancing your cash. If you need more assistance, please give Integrated Computer Systems Support a call at 425-820-6120, or you can reference the Sage Online knowledgebase entry# KB184462 for more detailed instructions.

 

These tips provide a high-level process to follow for balancing your cash. If you need more assistance, please give Integrated Computer Systems Support a call at 425-820-6120, or you can reference the Sage Online knowledgebase entry# KB184462 for more detailed instructions.