Understanding Bank Account Opening Balances
If you use the automatic bank statement process to process and reconcile your bank statements, you can use the ending balance from the statement as the opening balance for a bank account when you analyze cash forecast amounts on the Cash Forecast Analysis form.
To use the bank statement balance as the opening balance for the cash forecast amount for an account, you must:
Run the Load Bank Statement program (R09612) to upload a current automatic bank statement for the account.
This program is part of the automatic bank statement process.
Set the processing option for the opening balance method to 1 for the Cash Forecast Analysis program.