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

Can I enter the most recent statement date and reconcile many months at once?  

While we strongly recommend reconciling one month at a time, the system will show you 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 system my not be able to process the reconciliation. 

 


Related Articles 

Bank Reconciliation: Basic Steps/Instructions

 

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