6/22/2023 0 Comments Rcbc chequebook balance![]() ![]() Who are Eligible to Apply for an RCBC Savings Account? You can access your accounts 24/7 at any time-no matter where you are or what device you have with you! You can even pay bills through their website using just a few clicks! With these deposit accounts, you can earn interest while also helping to stimulate the economy by keeping your money in the Philippines.Īnother benefit of choosing RCBC is its convenient online banking website. They offer products like RCBC Savings Deposit Products. This company is proud of their heritage and want to help their country’s economy grow. So what makes RCBC great?įirst of all, they’re a Filipino-owned bank. There are so many banks out there, and you’ve got to make sure that you’re choosing the one that is right for your needs. People who trust their financial institution and have it support them thanks to their experienced and helpful personnel, making them an excellent option. The CM Reconcile Header (CM20500) table stores all the summary figures recorded from your prior reconcilations for all checkbooks.Īny additional assistance needed to pinpoint these situations in your environment to help you reconcile or back into a system calculated amount would require digging into your data and therefore be considered a consulting service.RCBC has been working in the banking field for more than a century, and the company is dedicated to providing the greatest degree of professionalism and knowledge to the service they provide their customers. It is also helpful to know the last time you reconciled.Transactions in the CM20200 table that are dated way out into the future.Transactions posted after the cutoff date that were dated before the Cut-Off Date.(As maybe the transaction was valid at the Cut-Off Date, and voided later.) Transactions in which the void date is not in the same period as the original issue date.If you are still off, then you will need to start investigating the following: *Replace the YYYY-MM-DD with the Cut-off date used, the XXX with the appropriate Checkbook ID.ĥ. Then use the amounts you found in the above steps to start with today's checkbook balance and add back decrease type transactions and subtract out increase type transactions that were posted after the cutoff date. Next, run the below script in SQL Server Management Studio against the company database to determine the current checkbook balance (or click on Cards, point to Financial, and click on Checkbook to look in GP.) First, all users should be out of GP while you back into this amount, because if users are posting, the checkbook balance and data in the Bank Rec tables would be constantly changing, and you need to do this when the information is stationary.Ģ. The calculation starts with today's current checkbook balance and add/subtracts transactions out from the Bank Rec table, back to the Cut-Off Date entered into the Reconcile Bank Statement window, to determine the adjusted checkbook balance at that point in time. If you need help to do this, it would be considered a consulting service to dig into your data for you and determine exactly what makes up the calculation in your environment. You can use the SQL scripts below to help determine how the Adjusted Book Balance or Checkbook Balance as of Cutoff is calculated in your install. So you can see how it starts with today's current checkbook balance and works its way backwards to add/subtract out the transactions in the CM20200 table that were posted after the cutoff date, to get back to the balance 'as of' the cutoff date entered. $10,200 Adjusted Checkbook Balance as of 7/31 ![]() 300.00 Subtract out deposits/increase transactions posted after the cutoff date +500.00 Add back the checks/decrease transactions posted after the cutoff date The following activity posted after the cutoff date of 7/31: Scenario: Let's say the Checkbook balance as of today, (say today is 8/30) is $10,000.00, and you enter the Cut-off Date of 7/31 in the reconcile window. If a cutoff date is entered, it will take the current checkbook balance and add any checks and subtract any deposits that posted after the cutoff date, to get back to the balance as of that cutoff date. If a cutoff date is not entered, it pulls the exact balance that you see in the window. The Adjusted Book Balance pulls the Current Checkbook Balance from the Checkbook Maintenance Window (Cards - Financial - Checkbook). Yes, all activity, no matter what date, affects the Adjusted Book Balance calculations in the Select Bank Transactions (ie. Could a check for a later date affect a previous month's reconciliation? My reconciliation is off by a certain amount, and I see that I have a check for that amount posted AFTER the cutoff date. Where exactly is the Adjusted Book Balance pulling from in the Select Bank Transactions Window (Transactions - Financial - Reconcile - Transactions)? ![]()
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