Can Bank Reconciliation be closed in the same month if the General Ledger has already been closed? Example General Ledger closed for Dec but not the Bank Reconciliation, can I still close for Dec or does it need to be closed in the following month?
Chances are, if you end up with a transaction distribution as a result, you will need to reopen the GL. You can then complete your reconciliation, then delete any resulting GL batch. Another option is to turn off post to GL under Posting Setup, if opening the period is not an option.
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