Can someone tell me why my adjusted book balance in my bank reconciliation module does not tie to my gl bank balance? I am new to bank reconciliation.
Hi Pattie--The most common reasons include:
1. If you have just implemented Bank Reconciliaton, Cards>>FInancial>>Checkbook should be populated with the last bank statement balance in the Last Reconciled Balance field. This balance plus/minus outstanding transactions should equal the current cash balance.
2. If you have been using Bank Rec for a while, then there are one of three scenarios that can cause things to be off.
Let me know how it goes!