How to mark a bank transaction as presented

Marking a bank transaction as presented serves to confirm that the transaction has been processed by the bank and is reflected in your account. It helps in keeping track of the status of transactions and aids in the reconciliation process.

There are two methods to reconcile a bank transaction. 

• Manual reconciliation
• Automated reconciliation

Manual reconciliation 

If your bank statement transactions are not in the system, you can easily mark transactions in Accountability for each bank account as Presented if they are shown on your physical bank account statement.  

Steps: 

1. Navigate to ACCOUNTING > General Ledger > Bank Reconciliation. 
2. Select a BANK ACCOUNT NO. 
3. Click the transaction(s) which have been presented on your bank statement.
4. Click PRESENT.
5. Enter or Confirm the transaction Date Presented on the bank statement.
6. Select OK to Confirm Presented?
    

Automated reconciliation 

Bank statement transactions can be imported into the platform and automatically matched against the corresponding GL transactions based on the date and amount. 

Bank transactions can be imported through these methods: 

• Import template - Click on the Import Statement Transactions link at the top of the page.
  
• Automated bank feed - Contact support@counta.com for details. 

To reconcile using this option, see Automated Bank Reconciliation.