Summary
What to do when old transactions appear.
Cause
- Bank reconciliation entries are based on journal entries and not the cheque or transaction number
- If you do a correction, then the system takes the next available journal number as the reversal
- Then it reposts the next journal number as the entry
- The original entry and the reversal will be automatically cleared on the bank rec
- The next journal posting (original transaction) will not be cleared
Resolution
- Look in the Reports, Banking, Account Reconciliation Report....
- Use the Report Type, Summary Report with Outstanding Transaction Details.
- If there is a ' * ' after any outstanding transactions, then they were posted and/or corrected after the month was reconciled.
- Reset the bank rec.