First Bank Reconciliation

[Former Member]

Hi Experts,

I have a client with the following issue: When the first Bank Reconciliation needs to be entered (after Go-Live) using the Manual Reconciliation screen, the last balance is $0 and we cannot change this. We need to be able to populate this last balance field for the first bank recon, otherwise we will not have the right last balance for the next Bank Recon.

I have tested this on my Demo database and found the same. I have tried adding a journal entry and opening balances for this bank account in the previous period, but this did not help. (They went live in the middle of September)

Any help would be appreciated.

Patch Level: SBO 8.8 PL 10

Marli

Edited by: Marli Schutte on Oct 11, 2010 6:08 PM

[Former Member · Accepted solution]

Your opening balance will be one of the open items, you then need to add any open or unreconciled items as at opening date. You should then be able to create your first reconciliation to post your opening reconciliation bank balance.