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Clearing Banked Funds

Note that transactions that have been Cleared on SCO cannot subsequently be cancelled.

1. 1. On the Bankingscreen, select the Check bank statement button
   2. Select the bank account you want to reconcile, e.g. Official account or Unofficial account
   3. To view details of each deposit or payment, click the appropriate transaction. Select Closeto close the window
   4. To ‘contract’ a day to give one total of online payments do the following:
      1. Click on the Contract button (the - sign) to compact a day’s online payments into one total entry for that day. Entries for a contracted date are displayed on one line and can subsequently be cleared and reconciled as one total. They will be displayed as a total amount on the Bank Statement Report
      2. Click on the Expand button (the + sign) to view each individual entry. Entries for an expanded date are displayed so that all deposits and payments appear on separate lines
   5. To ‘contract’ all online payments click Expand/Collapse all at the top right
   6. To clear the deposit or payment transactions, tick the box(es) in the Present?
   7. Once all items have been marked as Present?click on Save and exit, Yes
   8. Type a namefor the bank statement, click OK, Yes
   9. The Bank Statement Reportis generated - this includes the online payments as one total
   10. If you wish to generate a report with the individual online payments itemised:
       1. In Check Bank Statement, select View cleared statementsat the bottom left
       2. Select the Bank Statementat the top right of the screen
       3. Click on Export to Excelat the bottom left
       4. Saveor Print the Excel report

See also:

Banking Quick Reference Guide

SCO Modules

FAQs

Last update  //update  11 Mar 2019