GL: Where does the Bank Reconciliation’s Account Balance come from?: Difference between revisions

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'''Question :''' My actual data start date is 01/01/2018. When I do bank reconciliation as at 31/01/2018, the Account Balance shows 0.00. However in Opening Balance Maintenance, this bank account has a debit balance of USD 626.67. Where does the figure 0.00 come from?
 
'''Question :''' My actual data start date is 01/01/2018. When I do bank reconciliation as at 31/01/2018, the Account Balance shows 0.00. However in Opening Balance Maintenance, this bank account has a debit balance of USD 626.67. Where does the figure 0.00 come from?
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<b>Version :</b> 1.8 / 1.9 / 2.0
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[[File:Bank recon acc bal1.png]]
 
[[File:Bank recon acc bal1.png]]

Latest revision as of 08:53, 18 February 2020

Question : My actual data start date is 01/01/2018. When I do bank reconciliation as at 31/01/2018, the Account Balance shows 0.00. However in Opening Balance Maintenance, this bank account has a debit balance of USD 626.67. Where does the figure 0.00 come from?

Version : 1.8 / 1.9 / 2.0


Bank recon acc bal1.png


Bank recon acc bal2.png


Answer :

Account Balance shows the bank balance as at the Bank Reconciliation’s date instead of bank opening balance or Balance B/F.

As the bank reconciliation date is 31/01/18, check the ledger report as at 31/01/18.

Go to G/L > Ledger Report, filter the Date Range 01/01/18 to 31/01/18 and filter the account 310-0019. Click on Inquiry and the ledger shows a balance of 0.00. This is the figure which Bank Reconciliation’s Account Balance fetches.


Bank recon acc bal3.png


By : CK 190215, Lay Swan 190218, P190219



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