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Does anyone now how to ensure through the bank rec module that the cash ledger balance and gl balance match???
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Can you explain in detail what is your question.
Hossam,
For example:
Bank Rec Adj Balance per the reconciliation report = $1400.00
GL Balance = $1600.00
Typicaly what has happend is something has posted to the gl by using a general journal entry instead of the bank transaction entry.
I would like for the system to not allow you to reconcile the bank statement if gl does not match.....
Does this make more sense??
This is a typical issue in many companies and has as much to do with user training as anything. However, there is a way to prevent users posting journal entries to control accounts such as cash. In the Account Maintenance Card, uncheck the 'Allow Account Entry' box. This will prevent selecting the account for a manual journal entry. For more info on keeping your control accounts reconciled in GP, read my recent blog post here - http://gp2themax.blogspot.com/2010/03/gptip42day-reconcile-accounts-payable.html. This post deals with AP reconciliation but the same principles apply to any control account.
Hope this helps,
Thanks so much..............
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