Bank Reconciliation

Stories and case history of using ABC (or other software).

Bank Reconciliation

Postby AndyMarrs on Fri Feb 10, 2017 7:26 pm

With the greatly reduced use of cheques, which could take days or weeks to clear from a bank account, and the fact that most businesses now use internet banking where the speed of payments is greatly increased, I usually find that there no unreconciled items at the end of the month. Therefore, as a first action, I select Edit>Tick All. For the 3 accounts I reconciled last month, that is all that was required except to press Save. If there is a difference in the reconciled total and the bank statement, I take one away from the other, look for an entry for that amount and untick it. If that doesn't work you can always Untick All and do it the normal way. If it does work, it can save a lot of time.
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