Reverse reconciling an account is typically used after data migration has taken place for the purpose of marking those transactions as reconciled. It is also the recommended option when an account is reconciled for the first time and can be used as an alternative option going forward when account activity is very large. Beginning Balance: First Reconcile provides additional guidance for that type of reconciliation.
- Navigate to the Accounts page.
- Click the ID for the account being reverse reconciled.
- Click Reconcile in the left-side menu.
- Enter a Last Reconcile Date for the account.
- Enter a Last Reconcile Balance for the account that corresponds with the reconcile amount the account had on that date.
- Enter an amount in the Search field and then select the transaction to identify transactions that have not cleared.
- Selecting the transaction adds it to the list.
- Transactions may already be displayed in the Un-Reconciled Transactions list.
- Click [check] to reconcile a transaction.
- Click reconcile.
Find an Outstanding Item with the General Ledger
If an outstanding item is not being included with the reverse reconcile, the general ledger can be used to find the item and add it to the reconcile manually.
- Navigate to the General Ledger page.
- Enter the applicable Show Transactions information, and then click Show.
- Click the TID of the transaction with the outstanding item.
- Click the post ID of the outstanding item.
- Click [uncheck] next to Reconciled to add it to the Bank Reconcile page.
- If a date is where the [uncheck] button would be, the post detail that is being viewed was used in a previous reconciliation and will not be the outstanding item.
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The [uncheck] button is only present within the Live site.