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sal2107's avatar
sal2107
Trusted Cover User
4 years ago
Solved

Bank reconciliation report for 30th June shows incorrect outstanding amounts

Hi, I want to print out bank reconciliation reports for 30th June. I reconcile regularly and two of the accounts are showing incorrect 'Expected Balance on Statement' amounts.  The 'Accountright bala...
reconciliation
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi sal2107 

     

    Thanks for your post. I would start by going to Banking>>Reconcile Accounts>>Enter in the Last Statement Date in the Bank Statement Date and also add in the closing balance on that previous statement in the Closing Statement balance. Make sure that you have no transactions ticked in the Cleared section. If there is an Out of balance appearing then we know that something is incorrect in the previous reconciliation. 

     

    Typically an out of balance would be due to a transaction(s) being changed causing it to become unreconciled. This help article has detailed information on finding and resolving bank reconciliation problems: Resolving out of balance bank reconciliations

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi sal2107 

 

Thanks for your post. I would start by going to Banking>>Reconcile Accounts>>Enter in the Last Statement Date in the Bank Statement Date and also add in the closing balance on that previous statement in the Closing Statement balance. Make sure that you have no transactions ticked in the Cleared section. If there is an Out of balance appearing then we know that something is incorrect in the previous reconciliation. 

 

Typically an out of balance would be due to a transaction(s) being changed causing it to become unreconciled. This help article has detailed information on finding and resolving bank reconciliation problems: Resolving out of balance bank reconciliations

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

  • sal2107's avatar
    sal2107
    Trusted Cover User
    4 years ago

    Thank you Tracey, I ended up unreconciling previous reconciliations back to 30th June, then reconciling for that date and so on back through. I don't think there were any errors, just that I hadn't actually reconciled ON 30th June.

    Thanks again.