Reconciling Bank Accounts

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  • Опубліковано 1 гру 2024

КОМЕНТАРІ • 3

  • @HonestOK2930
    @HonestOK2930 Рік тому

    What if the previous accountant never reconciled and you have several years worth of transactions? They reconciled offline.
    Where do you even start?

    • @ChurchTracSoftware
      @ChurchTracSoftware  Рік тому +2

      @HonestOK2930
      In your case, you have two options. You can go back to the beginning of your account and begin reconciling each month until today. Or...
      You can create a new bank account on the Accounting screen, enter the beginning balance starting from your preferred starting point, and begin adding bank statements and reconciling going forward. Once you have that established, add a Journal Entry in the old unreconciled account to zero it out and inactivate that account. This allows you to maintain your past financial records but give yourself a clean start.
      If you have further questions about this, you can send us a support ticket - www.churchtrac.com/support/ticket
      Or you can schedule a phone call to talk it over - www.churchtrac.com/support

    • @HonestOK2930
      @HonestOK2930 Рік тому

      @@ChurchTracSoftware Thank you