Hi Team,
I'm having trouble trying to reconcile my bank statement according to bank statement.
See below attached bank transaction report.
The bank balance as at 28 February 2021 is $91,600.09 which is the same balance as bank transaction report
However, when I tried using "reconcile", the closing balance is $91,706.09.
I am unable to find the additional transaction of $106.00, maybe you could shed some light in this.
Thanks
Amy
Hi Amy5
Thanks for your post. The Closing bank statement balance is the closing balance on your bank statement and the Calculated closing balance is the last reconciled balance plus transactions ticked in the Reconcile accounts window. Deleting or changing previously reconciled transactions will change the Calculated closing balance and affect future reconciliations.
To work out what is causing the out of balance you will need to follow the steps in this Help Article: Fixing 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.
Thanks Tracey.
I've posted the bank balance per bank statement, and if you noticed the bank recon was never reconciled.
I have checked the banking transactions that was feed in and the banking transaction report balance tallies up to my bank statement. It's only when I use the 'reconcile' function, the calculated closing balance is out for no reason.
It could be a bug since it was my first encounter on this issue given the bank was never reconciled.
Is there a way we could solve this? It's affecting all my bank reconcilation up to date, while the banking transaction and balance sheet is showing exact bank balance per bank statement.
Amy
Hi Amy5
My apologies for the delay in getting back to you. If you're still having problems with this check the opening balance entered for that account. For the first reconciliation the Calculated closing balance comes from the account opening balance plus transactions ticked in the Reconcile accounts window.
Please let me know how you go.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
