Understanding Manual Bank Statement Processing

If banking practices in your country rely heavily on magnetic media processing, electronic fund transfers, and direct bank involvement for settling outstanding debts, you can use the bank statement process to reconcile your bank account by manually entering transaction information from your bank statement directly into EnterpriseOne software.

For each transaction, you enter a transaction code that specifies how the system reconciles the transaction. You can use the transaction codes that EnterpriseOne provides, or you can set up your own codes.

Depending on the types of transactions that you enter, you might need to perform additional tasks, such as posting receipts, payments, and journal entries, before you run the Refresh Reconciliation File program (R09130). You must post batches before running this program so that the WF - Account Ledger Reconciliation workfile (F0911R) contains all records.

If your banking process involves clearing all transactions through one bank account and then applying them to specific accounts during bank statement processing, you can use a transit account.

Note: You can process bank statement information by using electronic data interchange (EDI) media. You can receive information regarding specific bank accounts through EDI and reconcile the bank statements that are stored in EnterpriseOne.

See also:

• "Receiving EDI Standard Business Documents" in the JD Edwards EnterpriseOne Applications Data Interface for Electornic Data Interchange Implementation Guide.