reconcile

richo_9305760

hi

this week i have a accidently deleted 2 cleared cheques form dec last year and jan this year that had been reconciled .this has thrown my latest beginning balances out. when i tried to reconcile . i have tried to re do the cheques with the original date but i cant get them to show up in the month they were in . how do i get it to go back to how it was. my accountant is doing my end of financial year and the balances on 30 of june dont balance with bank because of this stupid mistake. any thoughts

thanks steve

Kris_Williams

Just reenter the cheques exactly as they should be, go to the reconcile window, ignore the fact that the opening balance is incorrect and enter the balance as at the last reconciled date, then all you should have to do is tick the 2 cheques and the reconciliation will balance

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Kris_Williams

I have done this many times, takes 2 secs,

As long as you use the correct date that the cheques came through on statement everything will balance. I’m guessing that this is the difference your opening balance is. So when you enter the closing balance as at the last date you reconciled you will just have to tick those 2 transactions

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Kris_Williams

The balance as at 30/6 will be exactly as it was before the transactions were deleted. I too have been doing bank recs for over 50 years, and realise the consequence of changing things and do not suggest things unless I’m 100% certain it will work. If he still has his printed recs they will still apply, and this method is the simplest, or rather my simplest. You are entitled to your methods as well

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Acctd4

Personally, I prefer to reconcile back to the applicable date so my Bank Rec’s opening & closing balances remain correct. If the transactions have been reconciled previously & accurately maintained (eg no old transactions are still sitting there) the recs can quickly be re-done by just ticking the checkbox for current period & selecting “check all” 😬

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JO-ANNE_7327707

You have an end of financial year involved, I would re enter the transactions and reconcile back to the date of the transactions. All will be correct then