We recommend that you reconcile your opening bank balance straight away. This makes sure your starting balance is correct before completing your first bank reconciliation. You can only reconcile from a current or a credit card account. You can't reconcile a cash account. Reconcile your opening balance - From Banking, open the relevant bank account.
- Select Reconcile.
- Enter the following information:
- Statement Date: Change this to the date of your opening balance. This is usually your Accounting Start Date. This will filter out any subsequent transactions and make it easier to find your opening balance transactions
- Statement End Balance: Enter the total amount of your opening balance
- Reference: The label "Opening Balance" distinguishes this reconciliation from others, serving as a reference point
- Select Apply.
- You'll then see your opening balance. Select Reconcile next to the transaction.
- To complete the reconciliation, select Finish.
- To print details of the reconciliation, select Print.
If you've reconciled an error with your opening balance, you can simply delete it from the bank record. Read more on deleting bank transactions. [BCB:299:UKI - Personal content block - Dane:ECB] [BCB:306:UKI - Search override - Accounting UK / IE:ECB] [BCB:276:UKI - hide back button:ECB] |