CM Statement Control

CM Statement Control opens and closes bank statements for reconciliation. Clearing individual items is done in Clearing CM Entries.

Before you start

• CM account exists.
• You have the bank statement beginning and ending balances.
• No other statement is already open for that account.

Steps

1. Open CM Statement Control.
2. Enter the CM account.
3. Enter the statement date (often month-end).
4. For the first statement, enter beginning balance and statement balance from the bank.
5. Save to create the open statement.
6. Clear transactions in CM Clear Entries until variance is zero.
7. Return here, refresh, set status to closed, and save.

Notes

• Only one open statement is allowed per bank account.
• Do not close while variance is non-zero.