Can we have the Account Current Balance changed to the GL balance at the date of the statement cut off date that is entered when starting the bank reconciliation? This will make it way easier to match the trial balance with the bank reconciliation report.

by: Marloes v. | over a year ago | General Ledger

Comments

• Agreed. When I reconcile the August bank statement on September 9th, I don't care what my current bank balance is as of that day for my banking reports. I want to know what the G/L reconciled balance is for the end of August.

  by: Kelly Z. | over a year ago

• A bank reconciliation is a reconciliation between the GL and the bank statement; not opening and closing cash for the month. Having the GL balance as of the date of the reconciliation is imperative.

  by: Tanis M. | over a year ago