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Improving bank reconcilation - Starting Balance differences

When an opening bank balance is introduced using the "Start Balance" option from the bank does this actually get recorded on the balance sheet? It doesn't seem so?

Therefore when the value is then added again later via journals for double entry bookkeeping this seems to duplicate the value on the balance bank reconciliations.

The solution is currently to undo all the previous reconciliations and redo which is long winded and time consuming.

Therefore may I suggest that once an original start balance is removed. If this throws out the bank rec that we can reconcile picking up the journal entry transaction without having to undo all previous reconciliations to date?

This would save time

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  • Dec 12 2023
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