Sage - Bank Reconciliation

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:28AM in AAT student discussion
Please can someone help..<BR><BR>have a difference on my bank reconciliation at work!!<BR><BR>I have checked and double checked all the entries on sage to the bank statement - I cant see any differences!!<BR><BR>The bank balanced at the end of last month, i have checked all the enties from april that have cleared in may (errors in entries that wouldn't show until rec'd as cleared on system in may) and using the reconciled report on sage i have checked all entries against the statement again.<BR><BR>the figure that appears as the difference from the statement end balance is positive.. still get a little confused in which way round it is wrong. does it mean there could be a pymnt cleared that isn't marked off sage or receipt not input on system.<BR><BR>I would have normally found my differences by doing the above but haven't this time so don't know how to approach solving the above<BR><BR>Please can someone help......<BR><BR>many thanks<BR><BR>Justin (",)

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Sage - Bank Reconciliation

    if the difference on your balance on sage is a positive then something has gone out of the bank on your ststement that you have not posted on sage, if it is a small amount i would check for any bank charges etc. If you can get it to balance at end of april then just clear down a day at a time<BR><BR>hope this helps
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Sage - Bank Reconciliation

    Bank statement could be wrong - it happened twice with the same client recently - firstly a cheque (to me!) was put on the bank statement as the wrong amount, but credited to me correctly - in his favour so amended Sage. Then the following month they took the same cheque out twice.<BR><BR>Bank statements are not infallible!<BR><BR>Claudia<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Sage - Bank Reconciliation

    your problem is probably that you have you have deleted something or adjusted a figure using the maintenance option and not re-reconciled it.<BR><BR>you will probably find a figure at the bottom of the screen that will match your difference <BR><BR>it usually works<BR><BR>

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