Skip to content
logo Knowledgebase

Why your bank account doesn't reconcile

Created on  | Last modified on 

Summary

How to resolve bank reconciliation differences in Sage Accounting. This helps you maintain accurate financial records.

Resolution

What to look for

When you reconcile, you’re confirming that transactions in Sage Accounting match those on your bank statement. If everything matches, the starting balance will match the closing balance. To confirm this the difference will be zero.

When the difference isn't zero, this could be that:

  • The statement end date isn’t correct
  • The statement end balance isn’t correct
  • The starting balance doesn’t match the opening balance on your bank statement
  • You saved a previous reconciliation with a difference
  • You saved a previous reconciliation with the wrong date
  • Some transactions have the wrong date

 

Related Solutions