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Old 01-13-2004, 02:10 AM
Cal Learner-- MVP
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Default Re: Bank Reconciling Starting Balance Discrepancy

In microsoft.public.money, Elva wrote:

- quote -

> Ok, here's the problem...I got a new computer and started
> using Money on it last month. I reconciled the bank
> statement and everything was fine. This month, when I
> go/went to reconcile, it shows a discrepancy in the
> starting balance. Apparently what it is showing is last
> month's beginning balance along with this month's
> beginning balance (or ending balance of last month,
> whichever you'd like to say). I have tried changing the
> account balance and that does not solve the
> problem...how, then, do I fix this problem so that the
> reconciliation can be accomplished? Any help would be
> appreciated. Thank you.


The starting balance is the sum of previously reconciled items.

If you wish to start fresh and declare an account balanced, you can
mark all entries balanced. Select to show only unreconciled
transactions. Sort by date, and go to the oldest transaction.
Hold down Cntl+Shift+M and let auto-repeat work thru the
transactions until none are left showing. Then balance making the
starting and ending balance match the known balance. Choose the
balance date to be the day after your last transaction. This is
not the normal procedure. It starts you with an amnesty for former
balancing.

  #-1  
Old 01-13-2004, 01:11 AM
Elva
Guest
 
Posts: n/a
Default Bank Reconciling Starting Balance Discrepancy

Ok, here's the problem...I got a new computer and started
using Money on it last month. I reconciled the bank
statement and everything was fine. This month, when I
go/went to reconcile, it shows a discrepancy in the
starting balance. Apparently what it is showing is last
month's beginning balance along with this month's
beginning balance (or ending balance of last month,
whichever you'd like to say). I have tried changing the
account balance and that does not solve the
problem...how, then, do I fix this problem so that the
reconciliation can be accomplished? Any help would be
appreciated. Thank you.
 

Tags
balance, bank, discrepancy, reconciling, starting
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