DESKTOP EDITION CLOUD EDITION SERVER EDITION GUIDES FORUM

Bank reconcilliation without running totals


#1

Your reconcillation tool is pretty good… however, not all my bank statements come with running totals, in fact only 1 of the 7 accounts acutally does. so i’m having to find my own totals in order to reconcile. this is becoming quite time consuming and frustrating especially if, for example a transaction is in fact there but on different date to the bank statement (bank processing vs actual transaction date). i know you were trying to stare clear of the click/checking off feature other software was using but is there a way of seeing all the transactions in the statement period or something along those lines?


#2

If your bank statement doesn’t show running totals, then I agree, this would be a problem. Do you actually receive bank statement without running totals? I’ve never seen one like that. It’s a bit unusual.


#3

Two of my companies also send bank statements without running totals. I hadn’t realised it was unusual but, of course, no good for importing into Manager. I also would prefer to do reconcilliation item by item as the bank date often does not agree with the actual account date.


#4

yes. I think it’s a credit card thing. because numerous banks do the same. I have seen commonwealth bank, anz, westpac, hsbc … all have NO running totals on their credit card statements. anz cheque account DOES haveas running total.


#5

Just wondering is this is something you will look at as an option for reconciling?


#6

Next month I’m going to work on reconciliation and a lot of other features related to bank accounts. I expect this issue to be resolved by end of December.