It is important to compare the balance of each facility in your funding module with the corresponding bank account in your cash book, this will enable you to prove the integrity of your funding facilities and in turn the cash book balance of your liabilities.
When a facility is set-up you are requested to point it to a cashbook bank account, this bank account in turn points to its control account in the general ledger (see Cash book for balancing the cash book to the general ledger).
1. Post all your funding journals, transactions, drawdowns approvals etc...
2. Update your Cash Book receipts (repayments) by doing ‘banking’ in the Cash Book.
3. Print a consolidated funding report from the Power Writer for each facility. You may need to do a consolidated report for those funds that service more than one development.
4. Compare the closing balance of the fund facility with the cash book cash balance in the cashbook (you can simply do an enquiry, bank account in the general ledger to get this number, or a bank reconciliation report if you require a hard copy).