Outstanding Amount in Reconciliation that was not in previous month.

In starting a new month in Reconciliation and I'm finding 1.32 outstanding before I even begin clearing the posts.  

This amount was not reflected in the previous month records and the report for the previous month shows zero outstanding. The GL does not reflect this amount.

My statement start/end dates are correct.  Box is not ticked re corrections and up to this month the reconciliations have been correct .  This isn't a difficult month as there is only one deposit and one withdrawal to reconcile.  So I have no idea why there is -1.32 showing up as' outstanding'  before I even begin.  My opening balance is 1.43. I have not entered in the end balance as yet and the window shows unresolved a  -1.43. 

Any insight and direction will be greatly appreciated so I can finish off the years reconciliation on this account. 

Jeanne

  • My first suggestion would be to check and see if there was a correction made after the last reconciliation to an already cleared entry. This will sometimes cause Sage to only check have of the entries. The second suggestion, was the prior reconciliation posted with a difference of 1.32?

  • When you are looking at the Account Reconciliation screen for the account selected, in the right column under Status, there is the status Outstanding.  Add up all those amounts and you get to the total Outstanding.

    If your's adds up to $1.32 then everything is ok.  Assuming you are reconciling a bank account, if you click off a Deposit, the amount will be deducted from the amount outstanding, because you have marked Cleared, not Outstanding and the amount Resolved will increase.  If you click off a Withdrawal the amount is added to the Outstanding and deducted from Resolved.

    The starting unresolved is the negative last month statement ending balance by design, if you haven't clicked anything yet because the program doesn't know if any transactions have been recorded that affect that balance.  If you enter an ending balance of $1.00 then your unresolved will be -$0.43 because you have indicated the ending balance dollar amount now is less than it was last month and you have to find one or more deposits and/or withdrawals that add up to -$0.43 to bring the balance down.

  • in reply to Richard S. Ridings

    Thank you Richard.   I've opened the books up this morning and now the account reconciliation is recording accurately.  It's holding the same information as before but after clearing transactions It has resolved with no discrepancies.  I simply do not know what occurred. I've finished the year and it's all accurate. No further problems. I'm thinking it was just something glitchy in the software. I appreciate you taking the time to answer.  Thank you.