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If you do not use the Bank Reconciliation option in ACS to reconcile your bank statement, you need to enter a transaction to record any bank interest you earn.

You can also use this procedure to record bank interest before reconciling your bank statement in ACS.

 To enter a bank interest transaction
  1. Under Manage Records, select the Transactions tab.
  2. In the drop-down list, select General Ledger Transactions, then click Go .
  3. Click Add/Edit Transactions, then Add.
  4. In the Transaction Source drop-down list, select Bank Interest.
  5. Enter the account code of the checking or savings account. Click Lookup to select an account in the drop-down list.
  6. Verify the posting month and year are correct. Click the up and down arrows in the boxes to change the posting period.
  7. Optional: Select Autofill Text? to display text from previous transactions in the Memo field. When adding additional transactions and entering text in that field, entries from the previous transactions in the session display in a drop-down list.
  8. If this is a reconciled transaction, select Reconciled.
  9. Enter a reference number. Click Next to assign the next available reference number.
  10. Enter or select the date that the bank posted the interest to your account.
  11. Enter the amount of interest earned.
  12. Enter a description in the Memo field.
  13. Select an account to credit. Click Lookup to select an account.
  14. Click OK.
 To enter a bank interest transaction with multiple credit and/or debit accounts
  1. To enter the initial information, follow the steps above.
  2. Click the Ledger tab.
  3. In the debits Account field, enter a general ledger account number or click Lookup to select an account.
  4. Enter the amount to debit the account entered in step #3.
  5. In the credits Account field, enter a general ledger account number or click Lookup to select an account.
  6. Enter the amount to credit the account entered in step #5.
  7. Repeat these steps until the transaction is balanced, then click OK.