When we upgraded from Vista to 9, banking was not closed correctly so our bank balance has been off for years. Now that we upgraded to 10, I’d like to get it resolved. Is there a way to adjust the bank balance?
I have the same problem. When we upgraded from e8 to e10 no one had been using the cash management or bank statement processing features. Now that I am it’s showing $22m in my bank balance fields when doing transfers etc. Tried to use “Recalculate Bank Balances” in our Pilot but nothing changed. Can anyone help us?
I would do a bank statement reconciliation to get the bank balances back into sync.
I just did a 2019 year end for a customer and taught them to do monthlies. That will get them straight and keep them there.
BTW, DO NOT do bank adjustments using the GL. That is the best way to screw up the bank balances vs the GL.
Your cash management has bank adjustments and bank transfer functions. This is how you manage the bank accounts.
Charlie Smith
CRS Consulting Svcs
(860) 919-1708
Hi Charlie, Yes, I’m doing monthlies now and using the cash management for transfers and adjustments but there’s unreconciled items from 2008 forward. When I tried to reconcile that far back it crashed the system. When I go to do each monthly statement, it shows my prior statement balance and will reconcile fine but at the end of the report it shows a huge balance. Also when I do transfers, it shows that same erroneous figure. I tried recalculate bank balances in pilot but it didn’t change the bank balances.
Do the bank Balances calculate correctly?
If you look at the Bank Account tracker, are the balances correct?