How to Reconcile Bank Error

Eden Whitehead · Post by **Eden Whitehead** » Thu Jan 17, 2008 12:45 pm

The bank recorded a deposit in an amount 6 cents less than what was actually deposited.

The bank told me that for that small an amount they would not make a correction.

What do I do to make my statement reconcile in PC+?

Thanks.

Matt · Post by **Matt** » Sat Jan 19, 2008 8:05 pm

Eden,

Enter the following transaction in Fund Accounting:

Debit Contribution Income $.06
Credit Checking Account $.06

On the bank reconciliation in PC+ this $.06 will show up as a check. Clear both the $.06 and the original deposit against what the bank recorded to reconcile the records.

Eden Whitehead · Post by **Eden Whitehead** » Thu Feb 14, 2008 4:16 pm

matt wrote: Enter the following transaction in Fund Accounting:

Debit Contribution Income $.06
Credit Checking Account $.06

On the bank reconciliation in PC+ this $.06 will show up as a check. Clear both the $.06 and the original deposit against what the bank recorded to reconcile the records.

Matt,

I entered the transaction as you instructed above. The bank statement reconciled perfectly. However, now my Cash Management Report is off by $0.06! (It may be that I didn't make clear in my original post that the correct amount of the contribution deposit had been debited to the checking account.) So, how do I get the Cash Management Report to balance with the checkbook register?

Thanks once again.

Eden Whitehead · Post by **Eden Whitehead** » Sat Feb 16, 2008 8:46 pm

Ummm, I think I've got it.

The church really did deposit 6 cents more than the bank says it did, but it's such a tiny amount that the church just writes it off/ignores it and I adjust the checkbook register to show a balance 6 cents less than what it shows now.

Is that the solution?

(I'll take a "no answer" as meaning this is correct.)

Grace and peace.

Matt · Post by **Matt** » Sat Feb 16, 2008 10:36 pm

Yes. You must be keeping an offline check register because I tested this situation in the program and couldn't figure out how you were getting the result you described.

Eden Whitehead · Post by **Eden Whitehead** » Sun Feb 17, 2008 11:11 pm

Yes. Sorry I didn't make clear from the beginning that I was talking about an offline checkbook register. Thanks for taking the time to reply. I can stop grieving now over this tiny little discrepancy.