PT 2000 key code? Call 1-800-999-9209.   Advertise here

Peachtree and Sage 50 Forums      

Go Back   Peachtree and Sage 50 Forums > Peachtree and Sage 50 software > Peachtree / Sage 50 Accounting forum

Reply
 
Thread Tools Display Modes
  #1  
Old 05-12-2004, 01:37 PM
bunny91 bunny91 is offline
Registered User
 
Join Date: Dec 2003
Location: Louisville, KY
Posts: 53
unreconciled difference

What exactly comprises the amount in the "unreconciled difference" when reconciling the checking account?

What would be a good way to get it to Zero? I took over the position of bookkeeper several months ago and the difference has not been Zero in over a Year!

Any Help - Very Much Appreciated. Does Peachtree for Dummies cover any of this?
Reply With Quote
  #2  
Old 05-12-2004, 04:38 PM
Judy Nelson Judy Nelson is offline
Member
 
Join Date: Dec 2002
Posts: 42
reconciliation

Dear Bunny, if you have seen where the account balanced
with the bank statement at one point, I would go back to that
month and start looking for the difference. It could be a bank
service charge or a transposed check amount or deposit.
You could also make an adjusting correction but actually the
curiosity would get the best of me and I would have to find
out the truth. haha
Reply With Quote
  #3  
Old 05-13-2004, 06:11 PM
LauraG LauraG is offline
Registered User
 
Join Date: Nov 2003
Location: West Yarmouth, MA
Posts: 2,235
Can you manually balance the account so that you know exactly what checks and deposits have not cleared? Have all of the interest income and services charges been recorded in PT? Once you can manually balance the account then you can clear those items in the account rec screen until you are left with the correct balance.
Reply With Quote
  #4  
Old 05-14-2004, 01:32 PM
rosech252 rosech252 is offline
Registered User
 
Join Date: Apr 2004
Posts: 150
I am facing much the same situation. I don't think the PT reconcile feature has ever been used! There are so many things showing up on the checks and deposits that it is hard to sort the real from the fiction. The accounts have been manually reconciled, so I know what is actually in the accounts. If I mark "cleared" on all the entries that I know are not valid, what kind of an entry to I make to cover the differences? I have used the reconcile feature in Quickbooks, and am looking forward to having this in PT also.
__________________
rose
Reply With Quote
  #5  
Old 05-14-2004, 02:02 PM
LauraG LauraG is offline
Registered User
 
Join Date: Nov 2003
Location: West Yarmouth, MA
Posts: 2,235
I would check off everything except for those entries that you know have not cleared. If you can manually balance the account then you should be able to balance it with the use of the Reconcilliation tool. There should be no need to do any sort of manual adjustment. Just weed through the entries and mark them cleared. Use the Range feature to specify time ranges of checks that you know have all cleared. This may take some time but it should be possible to get the account to balance.
Reply With Quote
  #6  
Old 05-14-2004, 03:37 PM
rosech252 rosech252 is offline
Registered User
 
Join Date: Apr 2004
Posts: 150
As suggested, I have waded through several years of charges and deposits. I suspect that there are some deposits entered twice. The reason for this is that I know some of the deposits have been posted in PT and they still show up on the "to be deposited" window. If I mark them for deposit they are in there twice! I highly suspect that this "unreconciled difference" is the result of all kinds of errors and wierd stuff along the way. If I take that stand, what do I need to do to be reconciled? If I just let it go, will that amount show up again next month?
__________________
rose
Reply With Quote
  #7  
Old 05-27-2004, 01:39 PM
bunny91 bunny91 is offline
Registered User
 
Join Date: Dec 2003
Location: Louisville, KY
Posts: 53
Does the unreconciled difference at the end of each month transfer to the account reconciliation for the next month? Or is each month's reconciliation a clean slate so to speak?
Reply With Quote
  #8  
Old 05-28-2004, 06:19 AM
TheWolf TheWolf is offline
Registered User
 
Join Date: May 2002
Location: Atlanta
Posts: 2,535
Unrec difference accumulates month to month.
__________________
Tom Sechler
www.software-link.com
Sage Certified Consultant
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump


All times are GMT -7. The time now is 02:35 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
all contents copyright (c) by AccountingUsers Inc.