GL: Where does the Bank Reconciliation’s Account Balance 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?
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.
By : CK 190215, Lay Swan 190218, P190219
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