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ff67

Former Member
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44

Dear friends

i am doing Manual bank statement for the first time throuth ff67-but it was asking for the opening and closing balance and valu date can any body tell me wht is the procedure

thnx

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Answers (2)

Answers (2)

Former Member
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Hi,

In FF67, you are manually entering the Bank Statement that youo have received from your Bankers and want to reconcile the entries that exist in the system. When you start for the first time, the system is asking you to input the statement number for your Indexing purpose, opening balance in the Bank account and its closing balance, the difference being the net of the transaction amounts. You have to input the value date being the bank entry when u want the effect to be given in the system records.

In the next screen you might be entering the receipts and payments that are in the Bank given statements which will tally only if you enter fully all the debits and credits so that the opening and closing balance matches. Once you execute the posting the credits and debits in your outgoing and incoming bank accounts are reversed and posted in the main bank account through the posting rules you have defined during customization. The balance in the main Bank account must tally with the closing balance of the bank supplied bank statement.

Regards,

Sadashivan

Former Member
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Every time put openinig balance Zero(0)

closing balance will be balance as per your bank statement

valu date nothing but check date