Dear All ,
Kindly let me know, below mentioned Reconcile adjustment entry will hit on JV?
I couldnt see this entry when i search transactions by that purticular account number from smart list!
it is showing when i check In bank transaction entry zoom window ....!
Thanks in advance
Belraj
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I have an issue with Bank Reconciliation. In previous year I have entered one Check transaction of $173364.73 in Bank Reconciliation to tally bank reconciliation balance and GL Account Balance. I have debited and credited bank account with same amount and I have not post this transaction in GL. Now auditor is asking me to cleared off this transaction from bank reconciliation. I have created another deposit entry of same amount by debiting and crediting same account and checked as cleared transaction. Now there is no difference in Bank Reconciliation but Bank Reconciliation balance is goes up by $173364.73 to Actual GL Balance. Also the checkbook Balance and GL balance has same difference. So again I have updated check book balance of CM00100 and kept it same as per GL Balance. But now when I checked with Bank reconciliation my Bank reconciliation is showing a difference of amount. I realized that it will not work so again I have voided the deposit transaction and kept GL and Check book Balance same.
I really dont know how i should adjust this $173364.73 entry and how i should show this as cleared.
Please advise..
Regards,
Sanjay Parab
Yes..!
Hi,
Are you saying, the financial batch can be seen with no transactions.
Thank you very much MrsLeslie Vali , Mr.Soma,Mr.Mahmoud M. AlSaadi ,Mr Babu baskaran and all, Reconciliation done already. Also The bank register entry can see with status reconciled.. And JV batch also can see as created with same audit trial code which shown in Bank register entry zoom !, but no transaction in it!! Why it happend...? !
Hi Belraj,
have you done the following steps correctly.
Choose Adjustments to open the Reconcile Bank Adjustments window.
Enter an adjustment for the amount of the difference. Both the checkbook and the Cash account are updated when you reconcile. As you enter account information and adjusting entries, the reconcile difference is subtracted from the net adjustment.
Choose OK to close the window and return to the Select Bank Transactions window.
When you finish, the difference should be zero. If the difference isn’t zero, you should complete the following tasks:
Verify that the correct transactions are marked.
Verify that the transactions were entered correctly.
Enter additional adjusting entries, if necessary.
yes already done. Shows No error
Hi,
have you run checklink against financials
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