PSA L&P - Bank Reconciliation: How to enter the most recent statement date and reconcile many months at once

How to enter the most recent statement date and reconcile many months at once

While we strongly recommend reconciling one month at a time, the software will show all uncleared transactions, prior to the date entered, regardless of how old the transaction is.

When you create a new reconciliation you can enter the date and balance of the most recent statement. 

  • Doing a bulk reconciliation will make it harder to find errors if errors exist.
  • If you do a bulk reconciliation you may need to create journal entries to record bank charges and interest. 
  • If you have a large number of transactions the software may not be able to process the reconciliation. 

 


Related Articles 

Bank Reconciliation: Basic Steps/Instructions

 

 

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