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October 9, 2019
Question

Set new company. Bank reconciliation does not pick up the opening balance?

  • October 9, 2019
  • 1 reply
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1 reply

October 9, 2019

Hi accounts158,

 

Before reconciling an account you will need to reconcile the opening balance posting (deposit or journal entry). To do this, got to Accounting > Chart of Accounts > Edit against the bank account and then select the 'Date' to reorder the transactions from earliest - oldest. Locate the opening balance posted here and mark this as reconciled by clicking into the transaction to expand and left-clicking the check column until this changes to 'R' then save.

 

When you then go to reconcile the account this will show as the opening balance.

 

Thanks