Conceal is a feature of Classic Bank Reconciliation that should only be used in specific circumstances. Conceal does the following:
Reconciles a transaction without updating the Closing Balance of the Bank Statement.
Stops the transaction from appearing on the Statement Print Report.
Generally, the Statement Print report should display all GL transactions that are reconciled for audit purposes. This is so the transactions on the Statement Print report match listed GL transactions in the Transactions by Account report. As such the only situations where you should use conceal are:
If you did not click Retain Unreconciled Transactions during GL End of Year and need to pick up last year outstanding transactions in order to reconcile your bank account.
An adjustment has been necessary where the GL balance was adjusted but the statement balance should not be affected.
Unless the transaction fits one of the above criteria, Conceal F11 should NOT be used and it should be reconciled in the normal way using Auto F7, for example:
If a transaction needs to be adjusted or reversed, the adjustment/reversal should be done in the module where the original transaction was entered so that a contra transaction can be reconciled at the same time (i.e.: a plus and minus transaction both exist leaving zero bank balance change).
Conceal is not a valid method to use to cancel out a transaction from the Unreconciled Items list in these situations because the effect on the balance of the General Ledger bank account will not be adjusted/reversed.
To un-conceal a transaction
Go to the bank rec where the transaction was concealed. You can find the Bank Rec Page number using the Transactions By Account report.
Find and click on the transaction line in the Reconciled Items section so that it is highlighted.
Click Unrecon F7.
Then select the transaction in the Unreconciled Items section and select Auto F7 to reconcile as normal.