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Error: "Statement end balance does not equal the sum of the opening balance"

Created on  | Last modified on 

Cause

  • Incorrect information entered into Bank Reconciliation
  • Bank Reconciliation closed before it was completed
  • A reversed transaction from a previous month was left outstanding

Resolution

  • If this is the first time you are doing Bank Reconciliation add the discrepancy amount (if the discrepancy amount is negative you would need to subtract this amount) to the Opening Balance.
  • If this is not the first time you are doing Bank Reconciliation follow DocLink: How do I reset the bank reconciliation?.