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Can I reconcile my bank account to Vision2?
Can I reconcile my bank account to Vision2?

Using V2 ledger post files to reconcile deposits

Tim Roberts avatar
Written by Tim Roberts
Updated over a week ago

Many giving systems use a 3rd party merchant account provider and leave the problem of reconciling fees, refunds, NSFs, deposits, and chargebacks to your finance team. Since Vision2 is both the software provider and the payment processor, we provide a seamless accounting experience by recording all related journal entries for payments that are processed by (or manually entered into) the system.

Vision2 provides ledger post files in Excel format ready to download and enter into your accounting system. Your ledger should balance to your bank. We expect you to let us know if it doesn't!

If you haven't yet moved to the ledger auto-post feature, please follow these steps to generate a ledger post file and determine the deposit total:

  • Go to the Ledger tab > Updates for General Ledger

  • Click the Create a Ledger Post File + button

  • Ledger Post ID: the file name you wish to use.  Example: 3/23 to 3/29 2020 online

  • Post Date: Keep today's date in this field. This provides a record of the file create date.

  • Enter a Transaction Start Date and a Transaction End Date for the period you are reconciling. Example: Start 3/23/2020 and End 3/29/2020

  • Click the Enable Advanced Criteria button

  • Select the payment methods you wish to include in this file

    • Credit Card and Bank Account are the online payment methods

    • Cash, Check, and Stock are manually entered payment methods

    • Electronic Deposit is scanned checks

    • To include batches: in the Search for Batches to Include section you can search by batch name or enter a date range and click the Select Batch button to the right of each batch you wish to include in this file

  • Scroll down and click the Save & I'm Done button

  • Click OK to confirm your selections

  • Refresh your browser until the status shows Completed

  • Click the file name link

  • Click the Download Ledger Post File Button

  • Open the Excel file

  • Click the Sort & Filter button

  • Click Custom Sort

  • Sort the file by Account Type and Transaction Date

The account type Cash is the deposit account. The Debit is the settled amount for the transactions on that day.  Any Credits for cash are deductions from the settled transactions and need to be subtracted from the debit. Example: credit card fees that are separate from the settled transactions, including failed card authorizations and fees to store a valid card.  ACH credit to cash would be a donation that was charged back by the bank.

  • To see the transaction details for this file, click the Download Supporting Transaction Information button on the ledger details page

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