Account Reconciliation

Posted By CarolA1 over 7 years ago

Can someone help me please! I use Sage 50 Premium Accounting CA and I am doing my Account Reconciliation for the first time. My opening balance and end balance are correct. Here is my problem... My opening balance matches my unresolved $20,892.26 but my discrepancy shows $-20,892.26 also it is showing resolved $-12,461.11 and outstanding at 0. The resolved it exactly what my expenditures are and shouldn't be showing a negative since I cleared them in transactions. I have checked every transaction and they are all there. Does anyone have any suggestions on what I need to do or what I have done wrong?

0 phughes over 7 years ago

Is this a new company? Or are you starting to reconcile a bank account for an existing company? If a new company, have the historical bank account values been added?
Try typing 'Bank Reconciliation Discrepancy' in the Search Sage City bar, there are quite a few threads on this topic you may find someone has previously posted a similar question and been given a good answer.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Verify Answer

Cancel
0 CarolA1 over 7 years ago in reply to phughes

I am trying to reconcile for an existing company. I will keep reading the threads, as this is what I have been doing before asking for help. Thanks for the response.
Cancel
Vote Up 0 Vote Down

Sign in to reply

Verify Answer

Cancel
0 Jason. over 7 years ago

Hi Carol

Is this the first time you start to do bank rec. for this bank account? If yes, then as Phughes suggests need make sure have the correct prior outstanding inserted

If this is not the first time, then I would backup data and try Sage article 10073 reset bank rec.

more info in article 10037 as well
Cancel
Vote Up 0 Vote Down

Sign in to reply

Verify Answer

Cancel

Sage 50 Canada

Account Reconciliation

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING