PSA L&P - Bank Reconciliation: Can a journal entry be made for a date that is in a closed bank reconciliation?

Can a journal entry be made for a date that is in a closed bank reconciliation?

Yes, you can make a journal entry that has a bank account as one of the distributions, to a current or prior accounting period even though the bank statement is reconciled.  The journal entries will be on the next bank reconciliation.

 For example, the August bank statement is reconciled:

A journal entry made in September dated August was created:

On the next bank reconciliation you will see the journal entry, in this case it is JE 235:

 

 


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