Reconciling bank statements has been discussed here before and, while I've followed the advice and suggestions in the threads, I'm still having fits each month.
When I get the bank statement I check the cleared debits and credits, then reconcile with pencil on the statement. L123 matches the total on the statement. However, opening Cash -> Reconciliation the displayed opening balance is not that of the statement (see below), and when I enter the statement's closing balance and click the 'Update' button there is always a discrepancy (either + or -). Knowing that L123 does match the bank, I finagle the displayed closing balance amount until I get no discrepancy and can finish. This finagling is almost certainly why the displayed opening balance the following month is off. I don't change anything on the page for date range, just accept all the defaults. I've not been able to discover why it's always off and would appreciate some ideas from you experts. FWIW, I can access the account on-line and can check the L123 balance with that of my bank and they always match. Why they don't when I go to reconcile with the printed statement in front of me makes no sense. Rich _______________________________________________ SQL-Ledger mailing list [email protected] http://lists.ledger123.com/mailman/listinfo/sql-ledger
