User Support Forum

Hello

I am trying to reconcile my bank account and I am having trouble balancing.

My beginning and ending balances are good; my cleared deposits and checks also match up. I am still showing that I have $5,047 in unreconciled items.

Does anyone have any pointers on where to start looking?

OK, some follow up.

I have traced that dollar amount ($5047) to the amount of outstanding checks at the beginning of the Fund Accounting process.

This is what I did:
Set up Fund Accounting.
Entered in the "last statement balance" as reported on the bank statement.
Entered in any outstanding checks as of 12/31/2011 ($5047).

When I try to reconcile January, the checks that were entered as outstanding are available to clear. After clearing all checks listed on the bank statement, the amount of $5047 displays as "to balance".

Does anyone have any suggestions as to why these are listing as "to balance"?

I am assuming you just started using PowerChurch in Jan 2012.

If so, it sounds like the beginning balanace for the checking account was entered incorrectly, and did not subtract the $5,047 in outstanding checks.

In other words, if I have $10,000 in my checking account, with $5,047 in outstanding (uncleared checks), my PowerChurch balance should show $10,000 and the bank (at that moment) should show $15,047, because the bank doesn't know what PowerChurch already knows.

My guess is someone entered the beginning bank account as $15,047 with $5,047 in outstanding checks, which would be incorrect.

If all this is correct, the correction entry would be:
CR 01-1110-000 checking $5,047
DB 01-3110-000 unrestricted net assets $5,047

THANK YOU!

That was exactly it. I am now in balance.

Again, many thanks.