Tips & Tricks

Check Reconciliation Tips & Tricks

1. Make your Checkbook's beginning Balance Match Your GL

Make Your Checkbook's Beginning Balance Match Your GL

If your GL does not equal your bank account, determine which one is correct. If your checkbook is correct, then you must create a Journal Entry in the month being reconciled. Then use Beginning Balance to correct the Checkbook. If your GL is correct, then enter a Beginning Balance in that month to bring the Checkbook back in line with the GL. And remember that Beginning Balances do not hit the GL.

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