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Posted by HeyBub on July 14, 2006, 5:37 pm
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scfundogs wrote:
>> Hey, Thanks for the help.
>>
>> I guess Im specifically confused about how , if I were to reconcile
>> month by month, enter in a beginng balance and ending balance and
>> reconcile that month, when there are other months transactions in
>> there, because the "difference" figure at the bottom of the reconcile
>> screen is taking into account those other months. Does that make
>> sense?
>
> It shouldn't be taking anything into account that you don't
> specifically check off.
>
> Your beginning balance should appear automatically at the top right
> of the screen from your last successful reconciliation. Enter the
> new month's ending balance, per the bank statement, then start
> checking off transactions that appear on the statement.
>
> You'll see at the bottom left the totalled amounts of the deposits and
> checks/debits you mark off. At the bottom right you'll see the ending
> balance listed, then the amount you've cleared (checked) so far, and
> the bottom figure is the difference you still have to go before you
> reach zero and reconcile.
>
> If you've checked off everything that appears on your bank statement
> then the bottom number will be zero, it needs to be zero for you to
> successfully reconcile. Any unmarked transactions will remain
> unmarked and waiting for the next reconciliation. They don't affect
> your current reconciliation. Once you've reached zero at the bottom
> right of the screen, where it says Difference, click Done.
And if it doesn't say zero, then there is something appearing on the bank
statement that you didn't check.
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