Reconcile bank reconciliation to General ledger as well as to the Bank Statement
by: Anne P. | over a year ago | Financial Management
Comments
I agree
Yes! This is a big issue.
I do this right now with various techniques. Perhaps some suggestions as to what you might like to see would be helpful.
There needs to be a way to tie book (g/l) to bank (statement) balance. Usually this entails taking the ending balance for a period on each and then aligning reconciling items by which side the item has not cleared on.
Comments
I agree
Yes! This is a big issue.
I do this right now with various techniques. Perhaps some suggestions as to what you might like to see would be helpful.
There needs to be a way to tie book (g/l) to bank (statement) balance. Usually this entails taking the ending balance for a period on each and then aligning reconciling items by which side the item has not cleared on.