Swithced bank accounts then reconciled
Posted: January 24th, 2012, 8:34 pmAfter 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.
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.