I have reconciled everything I have and have no outstanding transactions. however I have £8k difference between matched balance and statement balance. I have had a lot of cash transactions would this account for the difference?
Book balance is £4 and payments and receipts are about £400 out.
I haven't had any opening balances from them. I have just put what money they had in the bank to start as a loan from the director as I havent been given any other information.
I think perhaps what BudgetB meant was did you check your Bank balance before starting to key your Reconcile? Or if this was your first Bank Rec for this customer? Anyway regardless of that - it might be that you have keyed in a wrong date for an item/some items when keying your Bank entries (Ive made that mistake and when I came to rec it was miles out!!). If you can do a restore and key it again that might be easiest.
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
