Hi Genreve_S,
Thank you for your reply, I appreciate it.
That is good to know. The only problem I have now though is that whenever I try to reconcile the 'Owners Drawings', 'Owners Funds Introduced, & 'Sales' accounts the balances are out.
So instead of selecting the items and the figure goes closer to a balance of $0 it actually ends up doubling the out of balance figure. (i.e. My $41k out of balance becomes $82k out of balance once I select all the items to reconcile.
Thank you again for your help with this.
Kind regards,
Ez
Hi Ezkii, the bank reconciliation screen is designed for reconciling bank accounts (and credit cards) to external documentation such as a bank statement. Other accounts do not have independent external documentation. The issues you raise (ie payment/deposit switch and doubling of differences) could be expected, and I suggest that there is no need to use a bank reconciliation process for any other type of account.
Hi Mike,
Thanks for your post. I think you are right. I have combed over these for many more hours than I probably should have and everything looks in order.
I'll take your advice and just skip the reconciling of those accounts.
The P&L reporting is accurate (it seems to be anyway) which is all that really matters.
Thanks again for the advice.
