Bank Clearance Summary
Overview
Below is a business-focused explanation of the Bank Clearance Summary report in Dafater.
Bank Clearance Summary – Business Explanation
1. What Business Information This Report Provides
The Bank Clearance Summary report gives a clear overview of bank-related transactions recorded in Dafater and their clearance status against actual bank statements.
It shows: - Which payments and receipts have been cleared by the bank - Which transactions are still pending clearance - The timing and value of cleared vs. uncleared entries
This report helps finance teams ensure that the company’s books accurately reflect real bank activity.
2. When and Why to Use This Report
You should use this report when:
- Performing bank reconciliation
- Closing monthly or quarterly accounts
- Investigating differences between bank statements and accounting records
- Monitoring delays in cheque deposits or payments
- Preparing for audits or financial reviews
The primary purpose is to confirm cash accuracy and ensure no transactions are missed, duplicated, or incorrectly recorded.
3. Key Columns and Their Business Meaning
Common columns in the report include:
Posting Date
The date the transaction was recorded in Dafater. Useful for tracking when the transaction was entered into the system.Journal Entry
The reference number of the financial entry. Helps identify and trace the original transaction.Bank Account
The company bank account involved. Useful when managing multiple bank accounts.Debit Amount
Amount paid out from the bank (e.g., supplier payments, expenses).Credit Amount
Amount received into the bank (e.g., customer payments, refunds).Clearance Date
The date the transaction was confirmed as cleared by the bank.
If empty, the transaction is still pending clearance.Against Account / Party
Shows the customer, supplier, or ledger involved, helping identify who the transaction relates to.
4. Available Filters and Their Business Purpose
Typical filters include:
Company
Used when managing multiple legal entities.Bank Account
Focuses the report on a specific bank account for targeted reconciliation.From Date / To Date
Limits the report to a specific period, such as a month-end or quarter-end review.Clearance Status (Cleared / Uncleared)
Helps quickly identify pending transactions that need follow-up.Journal Entry
Useful for checking the status of a specific transaction.
These filters allow finance teams to narrow down issues quickly and work more efficiently.
5. How to Interpret the Results for Business Decisions
High number of uncleared transactions
May indicate delays in cheque deposits, bank processing issues, or missed reconciliation steps.Old uncleared entries
Could signal lost cheques, incorrect entries, or transactions that need reversal or follow-up.Mismatch between cleared totals and bank statement
Indicates reconciliation issues that must be resolved before financial closing.Cleared transactions with unexpected dates
Helps identify timing differences that affect cash flow planning.
This interpretation supports accurate cash management and reliable financial reporting.
6. Common Use Cases and Scenarios
Monthly Bank Reconciliation
Finance teams use this report to mark cleared transactions and identify pending ones.Audit Preparation
Auditors review this report to verify that bank balances are properly reconciled.Cash Flow Monitoring
Management checks cleared receipts and payments to understand actual cash availability.Issue Resolution
Used to investigate missing deposits, delayed payments, or disputed transactions.Year-End Closing
Ensures all bank transactions are properly accounted for before finalizing accounts.
Summary
The Bank Clearance Summary report in Dafater is a critical financial control tool. It ensures that what the business believes is in the bank truly matches reality, helping maintain accuracy, transparency, and confidence in financial decisions.
Report Information
- Module: Accounts
- Related DocType: Journal Entry
- Report Type: Script Report
- Standard: Yes