Bank Reconciliation Statement Process

1. Scenario:

The scenario here is talking about checks issued out

* When you issue a check to vendor:

Vendor account   Dr
   Check issued out account   Cr


* When you automatically upload or manually enter Bank Statement,  check issued out account is cleared:

 Check issued out account   Dr
    Bank account     Cr


2. Configuration:

SM34; VC_T028 - Make Global Settings for Electronic Bank Statement


Step 1 :- Creation of Accounts Symbols for outgoing checks