Assigning banking categories to bank-related journal transactions

You can classify bank-related journal transactions as adjustments, checks, or deposits for bank reconciliation.

The Banking Category field in the 1-3 Journal Transactions and 1-4 Recurring Journal Transactions windows lets you classify a bank-related transaction as a 0-Adjustment, 1-Check, or 2-Deposit. The category you assign to an entry determines its classification in the 1-5 Bank Reconciliation grid.

Tip: You can drill down from a record in the 1-5 Bank Reconciliation window, change the category for the transaction, and save it. When you refresh 1-5 Bank Reconciliation grid, the record appears correctly in the new category.

The Banking Category field is always present in the 1-4 Recurring Journal Transactions window, but it appears in the 1-3 Journal Transactions window only for new records and for existing records that use a 3, 4, 19 or 21 Source code (which are classified as adjustments by default).

When you post a record in the 1-4 Recurring Journal Transactions window, the Banking Category value is passed automatically to the 1-3 Journal Transactions record.