Why does the "checkbook balance as of cutoff" for 3/31 not agree to the GL as of 3/31?

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Posted on by Tiffany Lou

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I had started the bank reconciliation for March but never finished (which I didn't realize right away). Since then, I had started April recon but decided I needed to reconcile March only first so I updated the cutoff and statement date in the bank recon module to 3/31/2011 (removing all items cleared in April). For some reason though, my checkbook balance as of 3/31 per the recon does not agree to the GL balance as of 3/31 and there have been no entries directly to the GL for that period. Thoughts?

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