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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / CBM Reconcile before Y...
Microsoft Dynamics GP (Archived)

CBM Reconcile before Y/E Close

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Posted on by Jim Lines 4

Hi,
More fund with Cashbook Bank Management... does anyone know if the CBM Bank Statement Reconciles need to be completed before running the year end close? I'm helping my client close out 2012 and they are using CBM.  We're having problems reconciling the bank statements and I want to know if we can close and then just get back to the reconciliation.  There should not be any transactions resulting from the reconcile, so I am not worried about affecting the GL.  Any insight is greatly appreciated.

NOTE: This is Cashbook Bank Management module (UK), not the normal GP Bank Rec.

 

Thanks!!!

Jim

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  • Verified answer
    Richard Whaley Profile Picture
    Richard Whaley 25,195 on at

    I don't see any problem with closing before reconciling the checkbooks.  Even if reconciling transactions (service charges, voids of check, etc) need to be posted in the prior year, they can.  GP allows posting into the first historical year JUST FOR THINGS LIKE THIS.

  • Jim Lines Profile Picture
    Jim Lines 4 on at

    Richard,

    Thanks so much for responding!  This is good info and thanks for confirming.

    Best regards,

    Jim

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