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Bank Reconciliation


SMelanie
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If when doing a bank reconciliation and some of the  items posted in that month not go thru the bank and show up on your statement until the next month - do you go ahead with the reconciliation and then they will still be there to tick off the next month?

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Keep continuing the reconciliation and it will adjust to the updated journal data if there are changes to previous transactions. However, it still ends at the last date of reconciliation until the next future date

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So the unreconciled entries will get reconciled in the next month? I am very very new with this program. I really don't want to mess something up and have to start all over again. Thanks for your assistance

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all account will be reconciled and updated to the last date of reconciliation.

For example, a savings account that has been reconciled on the last date, then on that date the balance will match the savings book data in the bank, can be traced day by day, will be the same as the balance between EA and the Bank

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