--- title: "Create a Journal Entry from a Bank Statement" canonical: "https://kb.myframeworks.com.au/space/CO/403996675/Create%20a%20Journal%20Entry%20from%20a%20Bank%20Statement" format: markdown --- Create a journal entry directly from the Bank Statement Reconciliation screen to balance statement transactions that have no corresponding GL transaction in Frameworks, such as bank fees, interest charges, or errors. > 📝 ## Prerequisites > 📝 > 📝 - Bank Statement Reconciliation screen is open with an imported bank statement. > 📝 - Unmatched statement transaction exists in the **Unreconciled** tab requiring a journal entry adjustment. > 📝 - GL account numbers are known for the adjustment. > 📝 - Access to create journal entries in the General Ledger module. ## When to Use This Method Use the **Bank Statement Journal Entry** window when you need to create a journal entry to balance a specific statement transaction. Common scenarios include: - Bank fees or charges not yet recorded in Frameworks - Interest earned or paid not yet recorded - Bank errors requiring correction - Statement transactions requiring GL adjustments within a single company > ✅ **For inter-company transactions:** If the journal entry needs to span multiple companies, refer to [Create an Inter-Company Journal Entry from Bank Statement](https://sterlandsupport.atlassian.net/wiki/spaces/CO/pages/402685980). > ✅ > ✅ **Alternative method:** You can also click **New Journal** to open the standard Journal Entry screen. This is useful for accrual journals where you need the entry to automatically reverse in the following month. Refer to [Create a Journal Entry for Bank Reconciliation](https://sterlandsupport.atlassian.net/wiki/spaces/CO/pages/401801224) for this alternative approach. ## Steps 1. Under the **Unreconciled** tab in the **Statement** section, locate the statement transaction requiring a journal entry adjustment. 2. Click the **Journal Entry** icon for the statement transaction to open the **Bank Statement Journal Entry** window. The window displays the statement transaction details (description and amount) at the top for reference. 3. The first journal entry line is automatically added. Complete the following fields for the transaction line: - **Acct. No:** Enter the GL account number or click the **search** icon to open the **GL Account Finder** window. - **Narration:** Enter a description identifying the purpose of this journal entry line. 4. Enter the transaction amounts in the **Debit** or **Credit** field as positive values in the appropriate column based on the transaction type. Update the **Tax Code**, **Tax Amount**, and **Analysis** fields as required. 5. If additional journal entry lines are required to balance the entry, click **Add** and repeat steps 3-4 for each additional line. The running totals display at the bottom of the window. 6. Verify the total debit amount equals the total credit amount at the bottom of the window. The journal must be balanced before posting. 7. Click **Post** to create and post the journal entry to the General Ledger. > ℹī¸ Enable the **Print Journal** checkbox before clicking **Post** to print the journal transaction when it posts. ## Result The journal entry posts to the General Ledger and automatically matches to the statement transaction. The **Bank Statement Journal Entry** window closes, and you return to the **Bank Statement Reconciliation** screen. The matched statement transaction and the journal entry GL transaction move from the **Unreconciled** tab to the **Reconciled** tab. The journal entry is created with a **Posted** status and can be viewed in the Journal Entry Dashboard but cannot be edited or deleted. The GL Reference displays in the **Reconciled** tab showing which statement transaction it matches. Click the **GL Reference** link to view the journal movements for the transaction. If the journal entry does not balance (total debits do not equal total credits), an error message displays and the journal will not post. Correct the amounts and click **Post** again. > ✅ ## Related Tasks > ✅ > ✅ - [Reconcile an Imported Bank Statement](https://sterlandsupport.atlassian.net/wiki/spaces/CO/pages/30515312) > ✅ - [Create an Inter-Company Journal Entry from Bank Statement](https://sterlandsupport.atlassian.net/wiki/spaces/CO/pages/402685980) (for multi-company transactions) > ✅ - [Create a Journal Entry for Bank Reconciliation](https://sterlandsupport.atlassian.net/wiki/spaces/CO/pages/401801224) (alternative method using New Journal button) > ✅ ## Related Information > ✅ > ✅ - [Bank Statement Reconciliation Screen - Field Definitions](https://sterlandsupport.atlassian.net/wiki/spaces/FRAM/pages/28380810) --- ## Additional Notes > ⚠ī¸ **Bank account usage:** The system setting flag **GLCompanyBank1** prevents Company Bank Account 1 from being used in journal entries. If you attempt to enter this account number in the **Acct. No** field, an error message displays: "*Cannot use Company's Bank Account 1.*" Use the appropriate expense or income GL accounts instead of the bank account itself.