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PeterLeonard's avatar
PeterLeonard
Trusted Cover User
8 months ago

BANK REC INCORRECT

I have a problem with an account reconciliation. The attached screen shot shows the Reconciliation of the Suspense Account as at June 2024. This account was zeroed in completing the financial year. ...
PeterLeonard's avatar
PeterLeonard
Trusted Cover User
7 months ago

That has not helped, nor did I expect it to.

 

The fact is that the Balance Sheet shows zero balance on this account, but I can't reconcile it to Zero.

 

Bank Recs are for any account specified as "Bank" or "Credit Card" - it is very handy to be able to reconcile a Suspense account to zero, thus clearing everything you have dealt with, and leaving the ones still to clear. I also reconcile Electronic Transactions Clearing and Undeposited Funds for the same reason.

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