Bank Reconciliation Preparation Queries & Solutions

1. How to fix a Bank Reconciliation Go to the Banking main page and click on Reconcile Accounts. The Reconcile Accounts window shows up. ➢ In the Account field, enter the record for which you need to fix the reconciliation. ➢ Press Undo Reconciliation. The Undo Last Reconciliation window shows up, affirming the record and date of the reconciliation you are fixing. ➢ Fixing a bank reconciliation can't be turned around, so it's firmly recommended you click Back Up to make a reinforcement before continuing. ➢ Click Undo Reconciliation. An affirmation window shows up. ➢ Click OK. The Reconcile Accounts window returns. For further queries take your accounting questions to an online financial firm or Accounts Tax Master. How to Check Past Reconciliations 1.Go to the Reports menu and click on Index to Reports. 2.From the Banking segment, click on the Reconciliation Report option. 3.Enter the date of your beforehand reconciled bank reconciliation. . 4.Recognize which transaction(s) is causing the out of balance by contrasting the Reconciliation Report and the relating bank statement. 5.Redress the transaction(s) causing the out of balance. 6.Re-accommodate the adjusted transaction(s). 7.Verify each of the resulting reconciliation until the point when not any more out of balances are found. For any further accounts related queries, simply contact Accounts Tax Master. All you need to do is enter a question/query and you will receive a solution for it within minutes. A team of trained and experienced professionals is available at all times to offer much-needed help to users.