Reconciling checking

Fund Accounting, Accounts Payable, Accounts Receivable, Payroll

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Turning Point
Posts: 41
Joined: Wed Feb 08, 2017 4:54 pm

Reconciling checking

Post by Turning Point »

Ever since I started working here there has been an outstanding balance every time I reconcile of 8.57. I have gone back and tried to find the error but it is next to impossible.

Is there any way to just zero this out so I can balance the checking account?

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Reconciling checking

Post by NeilZ »

Turning Point wrote:Ever since I started working here there has been an outstanding balance every time I reconcile of 8.57. I have gone back and tried to find the error but it is next to impossible.

Is there any way to just zero this out so I can balance the checking account?
How far back does this go?

Does it show a positive balance or a negative balance? This will determine the advice given.

From the odd amount, I'm thinking there may have been some checking account interest or fee that was never entered.
Neil Zampella

Using PC+ since 1999.

Turning Point
Posts: 41
Joined: Wed Feb 08, 2017 4:54 pm

Re: Reconciling checking

Post by Turning Point »

It is a positive balance that goes back about 4 years.

NeilZ
Posts: 10209
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
Contact:

Re: Reconciling checking

Post by NeilZ »

Turning Point wrote:It is a positive balance that goes back about 4 years.
OK ... do a backup of the database,

Go into Funds Accounting,then enter the following, using the default checking account number here, and some admin expense

#1:
DESC: Adjustment

01-1110-000 Checking CR 8.57
01-5200-000 Adj DB 8.57

That will give an audit trail of the adjustment, and is preferable. Enter as much info as you can in the note section . Once posted, you will find it in the checks area of your reconciliation, just check it off and the system should balance.

If it doesn't, restore the backup and let us know here.
Neil Zampella

Using PC+ since 1999.

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