Bank Reconciliation

SMelanie

If when doing a bank reconciliation and some of the items posted in that month not go thru the bank and show up on your statement until the next month - do you go ahead with the reconciliation and then they will still be there to tick off the next month?

S_n_C

Keep continuing the reconciliation and it will adjust to the updated journal data if there are changes to previous transactions. However, it still ends at the last date of reconciliation until the next future date

SMelanie

So the unreconciled entries will get reconciled in the next month? I am very very new with this program. I really don't want to mess something up and have to start all over again. Thanks for your assistance

S_n_C

SMelanie

So the unreconciled entries will get reconciled in the next month?

S_n_C

all account will be reconciled and updated to the last date of reconciliation.

For example, a savings account that has been reconciled on the last date, then on that date the balance will match the savings book data in the bank, can be traced day by day, will be the same as the balance between EA and the Bank

S_n_C

@[deleted], whether the problem of Adding Classification on an account is resolved ?

SMelanie

Yes I have been able to add the Classification. Thank you so very much

S_n_C

SMelanie wrote:

Yes I have been able to add the Classification. Thank you so very much

Ok..it's my pleasure