Home For AAT student members AQ 2016 Foundation Certificate in accounting Using Accounting Software

Unpresented cheques and outstanding lodgements when reconciling bank

Hi, when I'm reconciling the bank statement and matching transactions on Sage 50, what do I do with amounts left at the top because they haven't come into the bank yet?
I obviously don't match them but do I have to send them somewhere else or leave them at the top there and reconcile anyway?

Answers

  • Alessio_BardinoAlessio_Bardino Registered, AAT Student Posts: 6
    Hi,
    I use Sage One, but the task is the same. I usually don't do anything with those left unreconciled, as long the difference is zero, this should be fine to perform your bank reconciliation.

    hope this helps.

    Alessio
  • Shelby111Shelby111 Registered Posts: 4

    Hi,
    I use Sage One, but the task is the same. I usually don't do anything with those left unreconciled, as long the difference is zero, this should be fine to perform your bank reconciliation.

    hope this helps.

    Alessio

    Thank you for your reply, that's good to know, I will run through it again and check the difference. I suppose they stay where they are until they have cleared and show in the next bank statement and then can be matched.
    Thanks again
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