Swithced bank accounts then reconciled

Swithced bank accounts then reconciled

Postby Customer Service » January 24th, 2012, 8:34 pm

After switching banks, a new bank account was added to the GL account in Configure/Chart of Accounts. Then, after posting data, the new bank account was added in Configure/Bank Accounts. Now, no information for that bank account is showing up in the reconciliation.

Transactions posted before assigning a bank account will not be assigned. To setup the bank reconciliation for the next month, follow these steps:

1. Modify the beginning balance on the bank reconciliation to reflect the GL account balance.
2. Enter the ending balance as it shows on the actual statement.

Once the bank reconciliation is balanced, the ending balance will automatically be show as the beginning balance the next time you do a bank reconciliation.
Customer Service
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