After you have filled in the bank account reconciliation, you must compare the suggested lines with the transactions on the bank’s statement. If the reconciliation lines do not agree with the bank statement, you must correct the lines.

To correct bank reconciliation lines

  1. In the Search box, enter Bank Reconciliation, and then choose the related link.

  2. Open the relevant bank account reconciliation.

  3. Select any lines that appear on the reconciliation lines but do not appear on the bank statement.

  4. On the Home tab, in the Manage group, choose Delete.

  5. Add a new line and fill in the fields with transaction data from the bank statement that does not appear on the reconciliation lines.

  6. Add new lines for interest or fees from the bank statement.

The Difference field now shows the amounts from any new entries created in steps 3 and 5 because they have yet not been applied to bank ledger entries. The Difference field shows 0 for ledger entries that were suggested by the program because these entries have been automatically applied.

It is not possible to post the bank reconciliation unless the sum of the contents of the Statement Ending Balance field is equal to the contents of the Total Balance field. To get these to balance, you must apply entries.

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