Adjust your bank account in EZ Process Pro to match your actual bank balance by selecting the account, setting today’s date, and adding a credit or debit to reconcile the balance. Ensure all future expenses and revenue are recorded accurately.
As you prepare to go live, it’s essential to ensure that the bank account in EZ Process Pro reflects the correct starting balance as of today. This step helps maintain accurate financial records and ensures that your system’s bank balance matches your actual bank balance.
Video Walkthrough:
Steps to Adjust the Bank Account Balance:
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Navigate to the Bank Ledger Section:
- Go to Management > Reports > Financial Reports > Bank Ledger and click on View/Edit Bank Ledger.
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Select Your Bank Account:
- From the drop-down menu labeled "Select an account from the list", choose the bank account you want to adjust.
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Set the Date:
- Set the "To" date as today’s date and click Submit.
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Review the Current Balance:
- The last line item will display the balance of your bank account in the system. Compare this balance to your actual bank account balance as of today.
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Adjust the Balance:
- If the balance in EZ Process Pro is lower than your actual bank account balance, click Add Credit to This Account.
- If the balance in EZ Process Pro is higher than your actual bank account balance, click Add Debit to This Account.
- Enter the amount needed to adjust the balance in EZ Process Pro to match your actual bank account balance.
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Ensure Accurate Recording Moving Forward:
- Moving forward, make sure that all expenses and revenue are recorded in EZ Process Pro to keep your bank account balance in the system accurate and consistent with your actual bank account.
Conclusion
By adjusting the starting balance in EZ Process Pro to match your actual bank balance, you ensure that your financial records are accurate from the start. This step is crucial for maintaining the integrity of your financial data as you begin using the system for day-to-day operations.