Hi
I have a company that has never reconciled any of their transactions going all the way back to 2010.
How would I get around getting the unreconciled up to date with the bank.
The closing balance on the bank statements and on the software are matching.
Many thanks
Replies (2)
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Are you referring to bank reconciliations, or reconciliations of something else?
If you mean bank reconciliations, it sounds as though you reconcile at the last year end. I would be inclined to let sleeping dogs lie if that is so.
Depending on the software
As John says, you probably don't really have a problem?
Depending on the software, you may find a 'reconcile all' type button, to use once you bring things forward to the current date.
If you post which software you have, other users may be able to assist.