Hi blackviper, may I ask you a question first. You state you are reconcilling for the first time, yet you say there is a prinout of the previous reconcile. have you taken over from someone else? In general if there is a discrepency in the last reconciled balance it usually means that a reconcilled transaction has been changed or deleted. So for starters look carefully at the last report and see if there are any transactions that are for £215.32. If there are the trace them in sage to see whats happened.
Hi, yes I have taken over from someone else, but they had previously left in May, where I only started at the beginning of Aug.
I'm straight out of college (mature student), 1st year of AAT level 2 after deciding on a career change.
I have found a deleted payment of £141.62 and re-inputted it, but this still leaves me with a difference of £71.90.
I have printed out all the reconcilled entries from the corrections window and cross referenced them with the April reconcilliation report but I can not see any differences???
My new boss is patient with me as this is my first job in my new career, but not sure how long he is going to put up with me not sorting this
I agree with Eagle and Amanda, it is definitely a problem solving exercise. I am of the old school that prints off the nominal activity report from the bank account for the period and ticks off every single entry against the bank statement and does a manual bank rec on Excel, then does the bank rec in Sage. It may take a bit longer but it is thorough.
Pauline
Edit: As Dallas is back tonight (Channel 5 9pm) I thought I'd change my avatar .....anyone guess who I am?
-- Edited by Stardoe on Wednesday 5th of September 2012 03:04:46 PM
My next step would be to go back until you find a bank reconcilation that has been completed accurately and start reviewing them from there. Before you reinput deleted payments you need to be certain that they should be reinputted. It's a problem solving exercise I'm afraid! Good luck.
nah, na nah, na nah, na na nah nah... Oh yeah. Hope that they haven't changed the music.
Its a forum wide date.
Right, just off to Asda to stock up on TV snacks before the big event.
(skips out of door still humming Dallas theme tune)
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
