Dynamics Community Forum Thread Details

Difference between Current Checkbook & Cash Account

There is a difference between Current Checkbook and Cash Account Balance for one of my bank accounts. I have identified the issues, but when I make the reclass in GL, it does not reflect on the balance sheet, but gets updated to the Trial Balance. The amount per the Checkbook is correct, but the Cash Account Balance is not.

What do I need to do to make the two agree - is it entering the entry through GL module and the bank module?

Hi,

The checkbook balance and the general ledger, as you've seen, are two different objects. The checkbook balance is a subledger of the general ledger. However, while Bank Transactions flow through to the general ledger, GL transactions do not flow back to the checkbook balance. If you have a difference between the checkbook balance and the GL, you'll need to adjust one or the other. Depending on which way the difference goes, there are different methods used to correct the disparity. I'm not exactly sure what you are asking. What have you done to correct the out-of-balance situation? Which balance is incorrect? Which way does it go? What have you tried to get them in balance and what happened after you posted the transaction? I'd like to help, but I'm not understanding precisely what the problem is.

Kind regards,

Leslie

Quick Links