The default date for a bank entry should default to the statement date or the reconciliation date, not to the date entered on the Accpac opening screen. Users are typically reconciling the bank statement for the previous month, and must rememeber to change the date for every bank entry.
by: Betsy S. | over a year ago | Financial Management
Comments
That would be nice to have... I have seen quite a few ocassions where reversals have to be done to account for this date error!!
Agree
Agree....even in current versions reversed payments use system date vs. posted transaction date as the reconciled date. If system date is later than statement date, the summary page shows these items as "outstanding" skewing the adjusted statement balance and adjusted book balance totals..very confusing for clients.