Unknown Calculated bank closing balance
Hi I have just taken over a business which has not been maintained well. No bank reconciliation has ever been done, from when the business starts in April 2018. When I tried to do the bank reconc...
Forum Discussion
Hi NJ818,
There are a few things that can affect the calculated closing balance. The previous reconciliation amount, all the transactions that are marked as checked in the reconcile accounts window, and the opening balance of the bank account on the conversion date. I recommend verifying the opening balance of the bank account you are trying to reconcile as it's likely the latter. You can read through this link for more information on how to do this.
Regards,
Genreve
