Bank Reconciliation

[breimer@netwave.ca]

I have a situation where the check amount does not equal the amount in the reconciliation list. I have confirmed that the paid items (AP) and the posting items are correct (match to check). What would cause this & how do I go about correcting it? Thnaks in advance.......bill

[Zorak]

The bank reconciliation process is looking at the part of the transaction that affects the checking account. Take a look at the transaction details on a Journal report and see exactly how the checking account was debited or credited.

In Accounts Payable, the check amount being different from the total debits and credits will only cause a "soft warning," one which you can click OK to continue, leaving it to post that way.

[breimer@netwave.ca]

Thanks for the directions. I went through the journal entry & noticed that I had incorrectly posted a debit back to the checking account when it should have gone to an expense account. I posted an adjusting entry & all is well. Left a paper trail too so anyone following can understand. Thanks for your help.........bill