Bank Reconciliation

Orion’s Bank Reconciliation program enables you to ensure that everything that flows through your bank account also flows through Orion.

The two main steps to the Bank Reconciliation program are:

1. Enter transactions that appear on your bank statement, but not in Orion.

2. Clear all transactions in the Bank Reconciliation file that have cleared the bank.

Reconciling Bank Accounts – The goal of reconciling bank accounts is to have the “Difference” field equal $0.00 (then and only then will you be able to clear the reconciled items).

To Reconcile Bank Accounts:

1. From the button bar, click Action and select Bank Reconciliation (the system will default to the bank account set up as the “default” bank). You can also right click on the bank from the “Banks” section of the AP Manager window. The following window appears:

2. Enter the following from your bank statement:

•Closing Date

•Beginning Balance

•Ending Balance

Click OK.

3. Clear items by placing a check mark next to each item that has cleared the bank (do this for both Checks and Other Debits and Deposits and Other Credits sections of the screen). As the items are cleared, Orion keeps a running total of cleared debits and credits. After clearing the items, the Difference field should equal $0.00.