I reconciled a VISA credit bank statement with a difference due to entering an end balance as a positive number. Is there any way how to fix it?
Many thanks.
Replies (5)
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Bank Reconcilliation
Yes easy to fix.
If you entered the closing balance of the statement as a positive instead of a negative, the reconciled difference would have be double that figure.
If that was the case and and you hit Reconcile and Ignore difference, then go into the reconcilliation again using the same date and this time put the correct negative closing balance. This should now show a difference of Nil, reconcile again and job done
If I have misunderstood your problem, email me at [email protected] and I will reply with my phone number
Re Bank reconcilliation
The original reconciliation will not be over written, what you are doing is new reconcilliation but this time to the correct balance.
When you reconcile a bank, and tell Sage to ignore a difference, that difference will be carried forward to the next time you reconcile, so in your case, entering the correct closing balance, will result in a nil difference and allow you to reconcile again.
What name/reference did you use originally? use that again with 'a' or '1' after it, to denote that it is the same statement, but a second time of reconciling that page.
Re: Credit Card reconcilliation
Hi Jana,
If your bank reconciled at the end of April, but now the April balance has changed, you must have amended or deleted an entry that was previously included in the reconciled balance.
The only way to find this is to take a print out from Sage Bank Reports and, going backwards in date, check off the entries against the card statements to see what has changed.
The printouts available to you will depend which version of Sage you have.
As you also emailed me about this problem, I have replied to your email giving my phone number
Karen
AKA Witch-Queen