To reconcile the previously unreconciled transactions in the current month’s reconciliation follow the steps below:
- Navigate to the “Reconcile Bank Account” module and reconcile the transactions in the current month’s reconciliation.
- When you start reconciling the current month, you will find the below message saying:-
“Your beginning balance doesn’t match the ending balance of the previous reconciliation. It is off by $xxxxx”
- This is an informatory message saying that the beginning balance has been changed due to some previous un-reconciliation.
- After the Bank Deposit is un-reconciled, the beginning balance would be off by some additional amount.
- You can go ahead and reconcile all the transactions for this month, including the previously un-reconciled transactions.
- The system automatically handles the previous unreconciled transactions in the current period.
- This way you can un-reconcile the transactions without having to un-reconcile all transactions in that prior month and not affecting the total bank reconciliation.
