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Hi Community,
May I know, In Bank reconciliation, what happen after we have already reconcile once and we want to do it again when..
1. The 2nd time we do bank recon, there are additional lines. Will Navision add the the new lines?
2. The 2nd time we do bank recon, there's some changes to the descriptions that we want to changes. Will Navision overwrite the existing lines?
3. The 2nd time we do bank recon, there are lesser lines. Will Navision remove the existing transaction lines?
Thank you!
Thank you for sharing final outcome. This helps others.
So in case no one knows, I managed to find out.
For a bank recon, the premise is that the bank statement is the source document, hence there should be nothing missing on the bank statement. The idea is to make sure everything on the bank statement is recorded in the general ledger. If there are missing deposits or withdrawals in the GL , accounts will need to figure out what they are and record them in the left side of the Bank Recon (Which is the GL statements side)
So which means. : no 1. There won't be chances if lesser transactions, only missing transactions on the GL side which is the left side. Accounts will need to add them in manually should it be missing for whatever reason.
no. 2, there is also no possibility for additional transactions from the GL side which doesn't appear from the bank statement, since all GL transactions(on the left) need to tally with bank statements (on the right) with bank statement as the source.
no.3 For exactly the same transactions, if the Bank Recon has not been posted. Accounts can delete the Bank recon and recreate again. However, if it has been posted, then the Bank Statement(on the right) has been fulfilled, since it has been fulfilled. then there is nothing to tally against the GL on the left(which shouldn't have anymore GL statements).
Hence, it will have no meaning to reimport the bank statement again and retally and repost. However, if you do it, this means that in Navision, there will be double entries.
Hope this helps.
Hello,
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#1
YUN ZHU
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Sagar Dangar, MCP
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Mansi Soni
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