This chapter contains the topic:
From General Accounting (G09), choose Account Reconciliation
From Account Reconciliation (G0921), choose Bank Statement Processing
From Bank Statement Processing (G09211), choose an option
Banking practices in some countries rely on magnetic media process, electronic fund transfers, and direct bank involvement in settling outstanding debts. For these countries, the bank statement serves as the source document for all banking activity.
When you use J.D. Edwards base software to process your bank statements, the system accepts and clears transactions in the following tables:
The system also uses the following tables to store bank statement information:
The following graphic illustrates how you process bank statements using J.D. Edwards base software.
The steps for processing bank statements using J.D. Edwards base software include: