accpac simply accounting 9.0 User Manual

Chapter 2:  Setting Up Accounts 

User Guide    2–15 

 

SW9UG 1-5.doc, printed on 1/10/02, at 1:24 PM. Last saved on 1/10/02 12:18 PM. 

5.  If you find any amounts on the statement that are not on the 

report, enter them in Simply Accounting.  

Tip:  Enter the withdrawals on the statement as a credit to 
the account you are setting up and a debit to an expense 
account. Enter any deposits on the statement as a debit to the 
Bank account you are setting up, and a credit to an income 
account.  

6.  If you find any amounts on the Transactions By Account 

report that do not appear on a bank statement, make a list of 
them. You will add them later in these steps. 

 

1.  In the Accounts window, select the account you are setting 

up for reconciliation.  

2.  On the Account Reconciliation tab, be sure that Save 

Transactions For Account Reconciliation is checked, then 
click Set Up.  

3.  Click Yes, then enter the date of the earliest unreconciled 

amount as the start date. Enter the latest transaction date as 
the end date.  

4.  In the list that appears, select all the amounts that have not 

yet appeared on a bank statement (the ones that you found 
in step 6 in the previous section), then click OK.  

5.  On the Set Up Account Reconciliation screen, type in any 

missing transactions, such as outstanding cheques from the 
previous year. (Use the empty line at the end of the list, or 
choose Insert Line from the Edit menu to add a line above a 
highlighted entry.)  

6.  When you are sure you have added all the entries you need, 

click Set Ready. 

The account is now ready to reconcile. To find out how to 
perform a regular monthly reconciliation, read “Reconciling 
Statements from a Bank or Credit-Card Company” in 
Chapter 20.