The standard process for posting bank differences such as bank charges is to transfer to a General Journal, manually post and then manually apply.

We’ve added a Post & Apply Differences action to do this more easily.

Setting up automatic post and apply differences

The set up only needs to be completed once.

  1. From the search menu, find General Ledger Setup.
  2. Make sure there is a No. Series defined for Bank Reconciliation No.

Post & Apply Differences

This action will post the expense into the selected G/L Account and then automatically reconcile the Bank Statement Line selected.

  1. Open the Bank Account Reconciliation
  2. With focus on the Bank Statement Line, select Process then Post and Apply Difference.
  3. Select the G/L Account you want to use for the expense and select OK.
  4. The system will post the expense into the selected G/L Account and Automatically reconcile the Bank Statement Line.