To balance your bank statement using Perfect Fit, go to Menus > Checks/Payables > CHECKBOOK > Balance Bank Statement. We recommend you balance your bank statement with Perfect Fit as soon as you receive it. This process proves the numbers in Perfect Fit are accurate.
The Checkbook Reconciliation window is shown below along with explanations for the various fields.
Statement Opening Date: User entered date from statement being reconciled.
Statement Opening Balance: User entered amount from statement being reconciled.
Statement Closing Date: User entered date from statement being reconciled.
Statement Closing Balance: User entered amount from statement being reconciled.
Checks Cleared: Total of checks marked YES for clearing.
Deposits Cleared: Total of Deposits marked YES for clearing.
Calculated Closing Balance: Current bank balance in Perfect Fit plus outstanding checks minus outstanding deposits.
Delta: Net balance minus closing balance from statement.
Last Closing Date: User entered date from previous closing.
Last Closing Amount: User entered amount “Statement Closing Balance” from previous closing.
*Note that you can view the transactions for each check/deposit by double clicking a line item.
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