- Run End-of-Year Closing process to be sure any adjustments to year end are reflected in the general ledger. So, even if you are working in the current year for AP reconciliation, past adjustments could affect the current period if they were not carried over to this year and would create variances.
- Double-check that all outstanding items are included in the transactions, especially any deposits made at the end of the month.
- Run a transaction listing from the Processes tab for the reconciliation period and run a Journal History report for the checking account. Compare the two reports by checking each item off and making sure that all transactions are on both reports.
All of the items processed through accounts payable are included in the transactions. Gift deposits are included if you use the gift deposit form in the gifts module. General ledger transactions are included if you say yes to Create AP in the journal entry in General Ledger prior to posting.
For additional information, please refer to the following:
https://www.blackbaud.com/files/support/helpfiles/fims/hh_start.html#11-accounts payable management/using account reconciliation.html#_Toc425946438%3FTocPath%3DFIMS%2520Core%2520Modules%7CAccounts%2520Payable%7CUsing%2520Account%2520Reconciliation%7C_____0