I am moving one of our bank accounts from one company file to a new one. There is one check that did not clear from the previous month (old books) so now I can't reconcile for this month (new books) - how do I get this to balance?
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You can still reconcile the account even thought the check is still outstanding. If there is only 1 check that did not clear from last months bank rec carry it over till the current month. When it shows up on the bank statement as cleared you will be able to reconcile it off the account then. Have that check outstanding will not prevent you from reconciling the new month or new books. YOU NEED TO ADD THE CHECK IN TO THE NEW BOOKS.
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But if I originally posted the check to Quickbooks in August, how do I add in the check to my new set of books in September like you suggested? Do I just add the value of the check to the opening bank balance?
