Bank Statement Reconciliations
Posted on 2002-07-12
My bank provides the ability to download a Bank Satement from its internet site for the purpose of reconciliationand balancing the Bank Statement. When this link is clicked a text file is downloaded and when the download is complete the file associates itself with Excel and the appropriate icon appears when the file is viewed in the Windows explorer. I understand there is a commonly used concept which in prinnicple allows an automatic reconcilaition with the checks written in the accounting program on the local computer. I use an Access 2000 database which includes a Table called transactions. In the Transactions Table I have fields for check Number, Amount, a presented Y/N field and other fields. I am hoping to have an automated procedure which I imagine will include a form on which commands are placed to compare the similar fields in the Excel file and the Transactions table and place an "Y" in the "Presented" field in the Transactions Table wher the amount and check number appears in both. I wonder if anyone can give me some suggestions as to how all this should be setup and if possible any examples of how to do this.