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Bank reconciliation

  • 1.  Bank reconciliation

    Posted Aug 15, 2019 11:46 AM
    i am trying to complete a bank reconciliation.  i have cleared all items and the Adjuvested book balance does not agree to the amount in the G/L account.  I thought that these usually agree.  I have read someone else's question regarding bank recs and they said they ran "Check Links" and I'm wondering if that is something i need to do.  What does "run check links" do and how do you do it?
    thanks
    Heidi Love

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    Heidi Love
    Industrial Metal Supply Co
    Sun Valley CA
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    Conference-GPUG_200x200


  • 2.  RE: Bank reconciliation

    SILVER CONTRIBUTOR
    Posted Aug 15, 2019 12:15 PM
    Do you have bank transactions that are not in the GL?  (ie service charges on the bank statement, a withdrawal that someone didn't record, a misc deposit, etc)

    Do you any transactions that may have hit your GL account that didn't come from AR or AP?  (ie did a simple typo happen?)

    These should be researched as well

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    Deanne Rasmussen
    ePlanPartners
    Houston TX
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    Conference-GPUG_200x200


  • 3.  RE: Bank reconciliation

    Posted Aug 15, 2019 01:20 PM
    That was it!!!  I did an IAJ to two different bank accounts and it should have been done as a bank transfer.  Thank you for your help!

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    Heidi Love
    Industrial Metal Supply Co
    Sun Valley CA
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    Conference-GPUG_200x200


  • 4.  RE: Bank reconciliation

    SILVER CONTRIBUTOR
    Posted Aug 15, 2019 01:48 PM
    Awesome work, Heidi!  Always glad to help!

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    Deanne Rasmussen
    ePlanPartners
    Houston TX
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    Conference-GPUG_200x200


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