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Training Tidbit: What should I check if I am having difficulty reconciling successfully?

Here are a few items to review if you are having difficulty reconciling successfully for a particular month using the Check Reconciliation option:

  • Verify the previous month’s reconciliation batch is still in balance (verify even if the batch is closed); then continue with the steps below for the earliest check reconciliation batch that is out of balance.
  • Verify the Reconciliation Accounts selected in the Checking Account File for the checking account being reconciled.
  • Verify the items entered on the Statement Information screen, such as the Checking Account ID, Processing Month, Bank Balance, etc.
  • Verify the items selected on the Statement Transactions screen, such as the cleared checks, automatic payment stubs, voided checks, direct deposit totals, deposits, etc.
  • If you are still not able to balance, here are some additional tips (or you may also contact your auditor at this time):
    • Record the amount you are off.
    • Leave the check reconciliation batch open at this time.
    • Move on to the next month to see if the discrepancy disappears.
    • If the discrepancy is still there next month, consult your auditor for further assistance.

For step-by-step instructions on completing the check reconciliation option, refer to the Completing Check Reconciliation topic in the Help File.

Tip:  Also, complete the steps on the Check Reconciliation Resolution Worksheet to locate and resolve possible reconciliation problems.