The Bank Reconciliation module is also sometimes referred to as Bank Rec or Cash Management and it is part of the Financial series in Dynamics GP. The menu choices for Bank Reconciliation will start with Financial, while the SQL tables will start with
CM. Setup for the Bank Reconciliation module consists of two steps—setting up Checkbooks and Bank Reconciliation Setup.
Even if you do not own or are not planning on using the Bank Reconciliation module, you will need to perform the checkbook setup in Dynamics GP. This will be used in many other modules throughout the system.
A Checkbook in Dynamics GP represents a bank account. In a typical company, each individual bank account will have a unique General Ledger account. The Dynamics GP checkbook setup will allow you to link each bank account to a GL account and keep track of the next available check and deposit numbers for the bank account. Most modules in Dynamics GP use a Checkbook ID (as opposed to the GL...