Reconciling the first bank reconciliation

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Change to CS Support service hours

Our Support department is closed on Friday, April 28th for a company event. However, limited Accounting CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline for quarterly payroll tax forms.

Links to our most popular payroll tax processing topics are available in the Alerts and notices section on the right side of most pages.

If this is the first bank account reconcile for a client in Accounting CS, and you have prior transactions that should be removed before you begin the current reconcile, follow these steps to clear them.

In this example, the following transactions need to be removed before you begin the new January reconcile.

Date Ref. No. Description Amount
11/30/2016 BegBal Beginning Balance 10,587.14
12/31/2016 1584 Directory of Employment Security -91.56
12/31/2016 1585 Illinois Department of Revenue -383.42
12/31/2016 1586 Internal Revenue Service -1,988.71
12/15/2016 1502 Office Depot -128.32
Net effect 7,995.16
  1. Within the Statement Information of the General Information Tab of Actions > Reconcile Bank Accounts enter the beginning and ending statement dates for the month of December 2016 leaving the boxes below at zero.
  2. Mark the items that need to be cleared, leaving any items in transit uncleared.  Enter the total net effect of the cleared items in the Beginning Balance box of the Statement information. In this instance, enter 7,995.16.Show me
    fake
  3. Finalize the reconciliation.
  4. Begin the new (January) reconcile replacing the Beginning Balance field with the beginning balance amount from the January Bank statement.

This process, also known as creating a fake bank rec, is useful when starting the first reconcile in Accounting CS after converting from Creative Solutions Accounting (CSA) or have transactions that need to be removed from the reconcile window.

Related Topics

Troubleshooting an unreconciled amount in bank account reconciliation

Unfinalizing a reconciled bank account

Bank account reconciliation workflow

Bank account reconciliation overview

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