Reconciliation Report & General Journal

[James Kerr]

On Saturday 24 October 2009 Colin Scott wrote:

> > No, a Bank Reconciliation Report is another step after the bank
> > statement where you add in the last deposits and subtract the
> > last cheques and show that the balance you have recorded still is
> > the same as the bank's record of the balance.
>
> 1.  When you perform a reconciliation, you start with a known
> opening reconciled balance (it's the closing balance from the last
> reconciliation), and you enter the new reconciled balance.  You
> then select reconciled transactions, and you should come to the
> entered new balance (ie, the amount remaining must be zero).  This
> confirms that your reconciled amount is correct according to that
> statement, and continues to be so over the entire chain of
> reconciliations.
>
> If that isn't good enough, then:
>
> 2.  When viewing the bank account, you can select to view or not
> reconciled transactions, and you can print this out.
>
> 3.  When viewing the accounts list page, you can see (if you set it
> up) both the current balance and the current cleared balance.
>
> I would have thought that one of the above should serve your
> purpose ...
>

If, for some reason, you want a record of the reconciliation process, 
then take a screenshot of the completed reconciliation dialogue.

Jim