We are observing some variance issues in the Bank reconciliation statement report. We use advanced bank reconciliation.
As we know, If we run the Bank reconciliation statement, the Unreconciled amount is taken from the Open amount on the bank reconciliation worksheet (top right).
Recently, we have found that the business posts transactions to a previous period (backdated), after the bank reconciliation for that period is complete. So when they're doing the reconciliation on the worksheet before posting the backdated transaction, they do not show up on the open bank transactions on that bank reconciliation worksheet for that time period.
However, after posting the backdated bank transaction, when they run the report, it shows a difference that equals to the sum of the lines that were backdated but do not show up on the open line area (and are not included in the open amount).
Can you please help us understand why the variance is showing up? Does that mean posting backdated transactions screws up the reconciliation statement?
Backdated transaction 1 - $19.80
Backdated transaction 2 - $5,943.37
Backdated transaction 3 - $5,968.00
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Sum - $11,931.17
Difference in Bank reconciliation statement - ($11,931.17)
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