Account Reconcilation

[Holly]

I feel really dumb but for the life of me, I can't seem to understand what I am doing when trying to reconcile one of my cash accounts. First, when it says that you can go back and use the adjustment part of the account reconcilation for a prior period, does that mean it must be entered under adjustments? Example, say you wrote a ck with the wrong date and didn't notice until after you reconciled the account and moved on. I changed the date & went back to carry it as outstanding but it is no where to be found in June althought it says it is there on the check reg. but does not carry over as being outstanding in June. Why? Also, I keep coming up with a unreconicled difference on one of my accounts. Does this carry over every month or start over. Example, one month the difference is 1000 the next 800??? Does this mean that I am off 1800 or just 800? I have always done this part manually - therefore I am confused and the book is not helping me. Hope I have not confused you. Thank you for any help you might have. I do have one other question but will ask this later.

[Annajane]

Your unreconciled difference does not start over. You are off only by the amount it indicates. When you reconcile an account and them go back and change an entry - like the date on the check - sometimes Peachtree just can't seem to make the change in the Bank Rec. Change Acctg. Periods to the next period and see if the check is showing there as outstanding with the correct date. There does not seem to be any simple solution for this, but your unreconciled balance should only be for the amount of this missing check. We make a note on the printed report what it is and it should be fine the following month. Be sure to clear the check in the following month. You need to get the unreconciled balance to zero unless you have the above problem. If you carry forward unreconciled balances, you will not be able to depend on the correctness of your books.