Bank Reconciliation

Question

Hi I am trying to reconcile my account but it is out of balance due to timing.&nbsp; We use Stripe for credit card payments and if an invoice is overpaid it feeds the difference straight into our trust account ledger and I then have to manually transfer the difference to our trust bank account.&nbsp; Unfortunately this all took place on 27 February and so the bank transfer to trust wasn't until March. Is there a way to enter an adjustment so I can reconcile the account?

genreve_s · Answer

Hi CathyL,&nbsp;
&nbsp;
That staggered timeline certainly makes it a tad bit complicated. You won’t want to force it with an adjustment. Because that Stripe transfer didn’t actually hit the bank until March, just:

In your Feb reconcile, only tick the transactions that are on your Feb bank statement. Leave that March transfer unticked.
 When you do the March reconcile, tick the transfer there.

That way, the numbers line up naturally.
Also, bank feeds don’t control the reconciliation. They just bring the lines in. It’s the actual transactions you record in software (what you’ve matched/entered) that the reconciliation uses.
&nbsp;
Regards,Genreve

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