Trial Balance

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

Trial Balance

Postby KarinK22 » Wed Sep 04, 2019 7:12 pm

Our accountant is asking me why the ADJUSTED Bank Balance on the Reconciliation report is NOT what the Trial Balance shows.

Where does the ADJUSTED bank balance come from?
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Re: Trial Balance

Postby NeilZ » Thu Sep 05, 2019 4:20 am

KarinK22 wrote:Our accountant is asking me why the ADJUSTED Bank Balance on the Reconciliation report is NOT what the Trial Balance shows.

Where does the ADJUSTED bank balance come from?


The bank statement is usually as of a certain date, you enter that at the start of the procedure. The system then subtracts any outstanding checks not cleared on the bank statements, and adds any deposits that were made after the date of the bank statement. Its very obvious when one looks at the reconciliation report itself as this is displayed at the top of the report.

The Trial Balance is basically used to make sure all the credits and debits are in balance, it should always reflect zeros on the last page as the Grand Totals.

You're looking at apples and oranges ... the accountant should know that.

Neil Zampella

Using PC+ since 1999.
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Re: Trial Balance

Postby KarinK22 » Thu Sep 05, 2019 12:09 pm

THANK YOU!!!! :wall:
I keep trying to explain it to them - and they always say it's OUT! Erg! ;)

I will try to explain it better to them!
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