See Also
What Are Bank Charges Not Yet Recorded In The Cash Book?Are Checks Obsolete - InTouch Credit Union - Plano, TX - Las Vegas, NV - Auburn Hills, MICauses of Disagreement between Cashbook and Bank Statement Balances – Hyderabad SpicesA Bank Reconciliation Statement is prepared to know the causes the difference between ___________________.the balances as per cash column of Cash Book and the Pass Bookthe balance as per bank column of the Cash Book and balance as per cash column of Cash An incorrect bank balance happens because the data hasn’t been reconciled to the bank correctly. It is up to you to check that the opening balance is correct and that the bank balance is correct after each bank statement import (or after entering any transactions manually). Once you’ve initially set up the software with the correct opening balance, you should never really need to change it again.
To check/correct the opening balance(s) for your bank account(s), go to the “File” menu (top left of the screen), choose “Setup Wizard” and find the “Bank Account Setup” screen.
