Bank Account Reconciliation

[javajl]

I am using Peachtree Complete Accounting 2003. In reconciling our bank account, some months I end up with an unreconciled amount. The unreconciled amount usually represents a check within a deposit that has been reconciled the previous month. Peachtree shows it as a separate deposit, which it is not. For example, I have a deposit of $1,000 on 5/1/02, which is comprised of 2 checks: $750 & $250. In May this item is reconciled; there are no deposits in transit. When I go to reconcile June, a $250 deposit is dated 5/1/02 and shows up as an unreconciled deposit.
Has anyone had this experience? I would really appreciate some help with this.
Thanks!
Janet

[CraigFL]

First you need to go back to May and check to be sure that the unreconciled difference is still zero. My bet is that it won't be. I have made changes to items after reconcilation and found that this unbalanced the month so I needed to go back to that month and reconcile again.

[javajl]

Craig,
I had another problem in February, so I'll use that as an example. I just re-checked the Jan. reconciliation, and it shows no unreconciled differences. The deposits in transit, as listed on the Jan. reconciliation report, cleared in February. However, in February, I had an unreconciled amount of $2,112, which was comprised of 1 check that was deposited in January and cleared.
It shows up on my Feb. reconciliation report, dated Jan 14th, which is the date of the deposit and was cleared in January. It seems that every other month there is an item cleared that shows up on the next reconciliation report as uncleared. My credits/debits agree with the bank statement. I can't figure it out. Thanks Craig for trying to help. Anyone else out there experience this crazy problem????
Janet

[Annajane]

As far back as I can remember with the original Peachtree for Windows this has been a problem. I'm sorry to hear they still haven't fixed it. The problem usually stems from a deposit that is entered into the system or edited after the bank reconciliation has been worked on substantially. As long as your previous month is still reconciled it is okay to clear this transaction. It is not a duplicate transaction and is not affecting you balances, just an idiosyncracy of the program.

[javajl]

Thank you Annajane for the explanation.