Hi,
I am doing a bank reconciliation in Sage50, but having a bit of a problem.
In the bank reconciliation screen I have a difference of zero, with 2 unmatched balances at the top.
However, when I click reconcile, the actual bank balance in Sage doesn't change. Should it?
Also, when I go back into reconcile, the last reconciled amount is different from the actual statement closing balance.
The amount is the bank balance shown in Sage minus the two unmatched balances.
Any help would be greatly appreciated.
Thanks
Jay
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Bank Reconciliation
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brucedenney
- Site Admin
- Posts: 4664
- Joined: 28 Feb 2006, 09:56
- Sage Version: v30 UK/Europe/Africa
Re: Bank Reconciliation
The bank balance in sage should not change.
The opening balance on your bank rec, should match the opening balance on the bank statement.
The closing balance on the bank rec should match the closing balance on the bank statement.
If it does not then you have reconciled a transaction at a different value to that on the bank statement, step though each entry again and check, it should be the same.
The opening balance on your bank rec, should match the opening balance on the bank statement.
The closing balance on the bank rec should match the closing balance on the bank statement.
If it does not then you have reconciled a transaction at a different value to that on the bank statement, step though each entry again and check, it should be the same.
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