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, especially at year end.
by: Danielle L. | over a year ago | Accounting Reports
Comments
So true... I wish Sage would listen to the people who know accounting... the accountants.
I totally agree. My CPA wants me to reconcile this ficticious Account Current Balance at the time of reconciling the bank statement. They don't understand why SAGE can't report the bank balance at the end of the month, NOT the real time balance..
Looks like its been over a year since this was requested. Maybe, someday this will get done?
I'm so glad someone else finds this frustrating - it seemed like we were the only ones! We just went through our first bank reconciliation and find it lacking. Some other programs supposedly not as sophisticated have the feature for the reconciliation to take the ledger balance for the date you are doing the bank rec (like the end of the month - not the actual date) - so you have the additional check of checking it against the general ledger balance of the period you are doing the reconciliation. We will have to manually download an excel and do the proof ourselves because it is NOT in the current reconciliation report for the reports to be reviewed as a proper bank reconciliation. uuuugh!