reconcile

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richo_9305760
richo_9305760 Member Posts: 6 ✭
in Accounts Hosted

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

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  • Kris_Williams
    Kris_Williams Member Posts: 3,293 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    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

  • Kris_Williams
    Kris_Williams Member Posts: 3,293 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited October 2021
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    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

  • Kris_Williams
    Kris_Williams Member Posts: 3,293 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited October 2021
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    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

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    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” 😬

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

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    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • JO-ANNE_7327707
    JO-ANNE_7327707 Member Posts: 260 ✭✭✭
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    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

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