Daily reconciliations can be done within Resware. In addition to complying with ALTA’s Best Practices, daily three-way reconciliations allow errors to be identified as soon as possible and ensure that deposits are getting to the bank in a timely fashion.
- To reconcile daily, create a new reconciliation every business day and enter the prior day’s date as the ending date in the open Date Range field on Edit Reconciliation.
- When the reconciliation is complete and balanced, close the reconciliation by clicking Close Reconciliation.
- There should be a Closed Date for each business day.
- Monthly reconciliation reports can be created by selecting the first business day’s reconciliation and the last business day’s reconciliation and clicking Report Across Selected.