NetCash Proof of Cash Report

OVERVIEW 

Bank reconciliations often include a proof of cash report that compares the bank balance to the GL for a selected period. To see this report in NetCash follow the below steps. 

 STEP BY STEP PROCESS 

• Navigate to NetCash > Reports > Proof of Cash

• Enter the desired Account and Period for the report View full size

• Once this is entered, the page will automatically refresh to show the four column proof of cash View full size

• Additional information can be shown by drilling into the applicable rows View full size

• For GL transactions that have not been matched, these balances will appear in this report as either deposits in transit or outstanding checks and are considered reconciling items. These balances will adjust the bank balance to show what it would have been had those transactions hit the bank in the current period. 

View full size

• Then the user can compare the Adjusted Bank Balance to the GL Balance to see if there are any differences. If there is a difference, then the reconciliation is not complete and will require further investigation.