Balance Sheet Cash---Help
The cash balance on the year end Balance Sheet does not equal to the December 2006 bank reconciliation. I have tried changing from accrual to cash basis; however the amount is the same. Any suggestions??? Please help!
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d2Cws8heKr3yUmabTJhmjm
03/13/07 6:42pm PDT
5 Replies
03/13/07 7:59pm PDT
Sometimes things get posted after the fact.
Try looking at the discrepancy report located in Banking, Recon, Locate Discrepancies, Discrepancy Report.
It should tell you what activity took place after you reconciled the bank account.
Hope this helps.
Kathy B.
LauraD
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03/14/07 5:08am PDT
Has the 'reconciled amount' changed, or just the ending balance?
I think that discrepancy report only shows discrepancies with the reconciled amount. (?)
I have found that, sometimes, the reconciled balance does not change, but changes are made to the uncleared checks/deposits and, therefore, the balance sheet (total amount) will change.
If you have Premier version, you can print your rec report with the changes. Otherwise, you will have to manually look for what has changed.
Hope this helps,
Laura D
My motto:
Keep it as simple as you can. . .with only as much detail as you need.
When in doubt, make a backup first!!
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Laura Dion
Cents-able Bookkeeping, LLC
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Keep it as simple as you can. . .with only as much detail as you need.
When in doubt, make a backup first!!
*****
Laura Dion
Cents-able Bookkeeping, LLC
www.centsablebookkeeping.com
03/14/07 8:29am PDT
Is the beg bal of the cash acct correct? Check it against last yr ending b/s.
03/15/07 10:58am PDT
Check the dates, make sure something is not posted as December of 2007, I have seen a few of these wrong year but you can reconcile the account etc, just balance does not agree.
03/25/07 9:00pm PDT
Latest post
You may have voided a check after the reconciliation.
