Reconciled items negative instead of positive

SusanSusan Member Posts: 5
edited April 9 in Reckon One
I'm trying to do a bank rec on a credit card - it started off as a (negative) figure of -$10878.03, owner paid $40000 into the account and purchases of $15773.63 which would leave a closing balance of $13348.34.When i reconcile all items, it comes up as reconciled transactions -$24226.37 instead of $24226.37.  Hense the closing balance is $35104.40 instead of the correct total of $13348.34 which I have triple cheacked as well as confirming with the bank.I've rung the helpline but they couldn't help.Save me......





Comments

  • Tim ATim A Member Posts: 4
    edited October 2017
    For some reason the initial amount of -$10878.03 has not been included in the reconciliation. When you started the reconciliation did the -$10878.03 show up as the start figure?
  • SusanSusan Member Posts: 5
    edited October 2017
    Hi Tim, yes it stated that was the opening balance.
  • Tim ATim A Member Posts: 4
    edited October 2017
    The only other thing I can think of is that you have entered the transactions in the wrong column.
  • SusanSusan Member Posts: 5
    edited October 2017
    I did double check that. Even deleted imported and a and reentered myself.
  • Tim ATim A Member Posts: 4
    edited October 2017
    Sorry you've beet me
  • Rick ClementRick Clement Member Posts: 28
    edited October 2017
    If you just started this account a common issue is recording the opening balance as a negative. As it knows it's a credit card it doesn't need you to put the minus sign. Just enter the amount of the balance.
  • SusanSusan Member Posts: 5
    edited October 2017
    Oh Tim, don't give up just yet. Lol
  • SusanSusan Member Posts: 5
    edited October 2017
    Ah, ok, I'll check that, thanks Rick.
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