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#12160 - 04/09/08 11:24 AM Bank Rec
Henry Offline
Adagio Scholar

Registered: 03/28/08
Posts: 86
Loc: Burnaby, BC. Canada
I started using Bank Rec mid March, before that i did my bank rec in AP. I tried reconcilling March but i can't seem to make it balance

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#12167 - 04/09/08 12:44 PM Re: Bank Rec [Re: Henry]
Steve Schwartz Offline
Adagio God

Registered: 03/10/02
Posts: 4522
Loc: Wynnewood, PA
You didn't ask a question.

You didn't actually do your bank rec in AP. Maybe you used AP to generate a list of outstanding checks, but that is not the same as a bank rec.

Steve

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#12209 - 04/09/08 08:45 PM Re: Bank Rec [Re: Steve Schwartz]
Kate Spontak Offline
Adagio Pro

Registered: 03/23/02
Posts: 10
Loc: New Jersey
When you start using Bank Rec, you have to enter a reconciling transaction to account for the prior balance in the bank. Do not post this transaction in GL.

Perhaps the reconciling transaction is missing.
_________________________
Kate Spontak
Stief Group
New Jersey, the Garden State

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