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Bank Reconcilliation

Ratish

My previous months Bank recouncillation which was recounciled now does not recounciles with the Bank Statement.

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Komal_S

Hi @Ratish

If the balance sheet is out for last year, there are different steps to follow for correcting that. The steps given below fix the issue with reconciliation reports and out of balance related to that:

Firstly to confirm if there is a glitch in the reports, can you please do the following:

Check Last Reconciled date on Reconcile Accounts window.
Go to Reports > Banking > Cheques and Deposits > Reconciliation Report
Select Advanced Filters
Select Individual bank account > OK
Select Change Entered Statement Date to List of Recorded Statement Dates and Run Report
Click on Statement Date to see all statement dates

If the latest date on this report does not match the last reconciled date on the reconcile accounts window, that means there is an issue with the report. In order to correct it, take a backup of your file, and

Go to Banking > Reconcile Accounts
Enter a fake date after the latest statement date: e.g. 01/08/2023. Ignore the message about the transaction being future-dated.
Enter the Calculated Statement Balance into the Closing Statement Balance field, so that the Out of Balance is $0.00
Press the Reconcile button. This should then allow you undo the 'fake' reconciliation and any other future dated transactions and the transactions should show up for you to reconcile again.

Let us know how you go on.

Ratish

I got same problem. The question is, will the solution provided by you also resolve Cash at bank issue for last year. CAB in Balance sheet is currently out by same amount. Or last year will be out and current period which is this year will be balanced. If this is the situation than how to balance CAB for last year Dec

Komal_S

Hi @Ratish

So we can investigate this further, can you please provide details on where the out of balance amount is showing? Is it on the Reconcile Accounts Window or the reconciliation report?