outstanding checks in account setup

[jholder]

during the initial account setup it asks you to list all outstanding checks and deposits, where do they go after setting up my accounts? I cannot seem to locate them anywhere and do I really need to enter them then or can I wait and enter them after I do setup?

Thanks Jim

[Sandra Michalscheck]

I had the exact same problem. You will find the answer at about the bottom of page one of the accounting forum here, posted to my enquiry about adding unreconciled transactions.

Sandra

[Sandra Michalscheck]

PS It is a whole lot easier to do if you can do it in the setup phase. In fact, I even started over once in order to do that. But then you have to redo your entire chart of accounts again. So try the journal entry method if you don't have too many to do.

There are two places where I was not impressed with the setup assistant. This was one of them.

Good luck to you.
Sandra

[Jeff]

The outstanding checks and deposits are just to aid you with the bank reconciliation. The only place you will see them is in the Reconcile Bank Accounts process. If you do not enter the outstanding checks and deposits, you would only have an issue if they had not cleared by the time you reconcile your bank account. If they have not cleared by then, the reconciliation process will show you out of balance until those items clear your bank account. This really isn't a problem you just have to know why your bank statement doesn't reconcile to PowerChurch.