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Bank reconciliation (Adjusted Bank Does not Equal Adjusted Book)

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Posted on by Community Member Microsoft Employee

The adjusted bank balance does not equal the adjusted book balance. Clicking on the radial button next to the $202 difference reveals that the adjusted bank balance (Statement Balance - O/S checks + D-I-T) agrees to the general ledger cash account. The cleared payments and deposits equal the bank statement monthly amounts. There are no unposted batches in the G/L impacting cash. This is the first time all activity appears to be accounting for and the adjusted bank does not equal the adjusted book. There is a transaction for $202 the following month, but it appears to entered into the correct period for check book and G/L purposes. Needed to check to see if something not yet considered could be impacting the checkbook before attempting to delete and start reconciliation from scratch. Thanks!

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