Reconciliation Report Last Reconciled Balance

JasonKing

Came across something odd today.  When I printed my January 2025 bank reconciliation, I noticed that the Last Reconciled Balance is different to the Expected Balance on Statement from the previous month.

 

 

December closing balance (agrees with Bank Statement)

 

 

 

 

 

 

January 2025 reconciliation

 

 

 

 

 

Can someone explain why there is a difference?  Bottom line the January 2025 reconciliation agrees to the Bank Statement.

 

Thanks!

Genreve_S

Hi @JasonKing, 

 

If your bank statement does not agree for the previous month but agrees for the next month, it's likely that a transaction that should have been part of the previous month's reconciliation was included in the next month instead. If you are unsure, it's best to check each transaction and see which batch of reconciliation they are part of.

 

Regards,
Genreve