Forum Discussion

aherath's avatar
aherath
Contributing User
2 years ago

Unable to reconcile bank balance

My bank cheque account, is continuaslly unreconciled to bank statement.  I "undid" the reconcilation back to 30.06.2015 that is the begining of my business, but still calculated closing balance is not correct, In October 2022 I have recociled bank untill 30.06.2022, and balance sheet bank balance is showing correct, balance for the balance sheet date. i have attached screen shots for your referance. 

 

 

  • Hi aherath 

     

    Based on the screenshots, I do agree there is something amiss going on here. We likely need to take a look at the file, however, just wondering if you can complete the following task to see if there are any outstanding transactions listed - I doubt there will be but we do need to ascertain what is full going on.

     

    If you go to the Business Name Menu>>Business settings>>Check the Opening Balance date. Go to the Accounts>>Chart of accounts and check the opening balance of that particular account. Once you have that information, go to Banking>>Find transactions and select that account and enter the date to be 1/1/1900 and to the opening balance date are any transactions listed? If not, update the to date to be 30/6/2015 does only that one transaction appear?