Objective:
This guide explains how to view detailed information for each balance point in your three-way reconciliation within the PropertyStack platform. By following these steps, users can easily access specific details about their cashbook and ledger balances.
In this Article, You Will Learn How to:
View breakdowns for the cashbook balance
Check specifics for the ledger balance
Step 1: View the Breakdown for the Cashbook Balance
Navigate to the Cashbook Balance:
In the "Three-Way Balance Reconciliation" section, locate the "Cashbook Balance" column.
You can click on the following figures to view full breakdown:
Receipts
Reversed receipts
Payments
Reversed payments
an example below of receipts
Step 2: Check Specifics for the Ledger Balance
Navigate to the Ledger Balance:
In the "Three-Way Balance Reconciliation" section, locate the "Ledger Balance" column.
You can click on the following figures to view full breakdown:
Owners funds held in trust
Supplier funds held in trust
Booking funds held in trust
Channel funds held in trust
Business funds held in trust
An example below of "Owners funds held in trust"
Conclusion
By following these steps, you can easily access detailed information about each balance point in your three-way reconciliation within the PropertyStack platform. This ensures accurate financial management and compliance with trust accounting requirements.