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July - last edited July
I have followed the instructions regarding reversal and reprocessing of returned super funds and that has all been done. However when I reprocessed the employees returned funds I put them in with the current month as one lump sum. I now have the dilemma that my bank rec has 4 amounts that dont match. should I have done each month seperately? If not how do I reconcile the bank account.
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Ideally, your bank transactions in AccountRight should match those as your source transactions (i.e. Bank statement). This does mean that if your bank statement is showing as having multiple transactions ideally you should have multiple transactions in AccountRight to match those transactions.
However, if those transactions have been recorded in AccountRight as a lump amount but on your bank statement as individually there is nothing stopping you from ticking that one transaction in the Reconcile Accounts window when you do your next reconciliation. If you do use this method I would ensure that the value of the AccountRight matches the dollar value of the transactions recorded at the bank's end.
Do let us know how you get on and if you require further assistance
The problem I have is the returned funds were for April and May, once I reversed the payments and reprocessed those that went through it left the total amount different to what was reprocessed. if that makes sense. Then I reprocessed the payment for the returned funds and also added in the month of June. This was reconciled against the bank statement as money going out, have I missed a step for matching up the reprocessed amounts that went through?
All good, I worked it out. Just needed to do a journal entry. but it is all sorted now.