Is there a way of reconciling an account not set up as a bank acc. General ledger entries cant input bank data therefore some transactions require messy multiple entries i.e. Rental income has 1) Gross Rental. 2) Managers fees 3) Repair and maintenance costs 4) Net revenue received. plus more
I have traditionally posted this as one single journal.
Check this reference - https://www.ledge.co/content/general-ledger-reconciliation
I am looking fo a GL reconciliation similar to a bank recon. i.e. a bank account set up as an asset and not a bank. I do not need to be able to link to any external account. As I said, the entries are from a Journal.
Thanks Tony.
In over 60 years of accounting I have seldom had the need to reconcile GL accounts but do reconcile bank accounts at least once a month and since online banking developed, multiple times per month.
I can not post from a journal to a designated bank account - the search does not include these accounts so payments and receipts can be done without using the journal.
Where a single transaction involves multiple accounts - bank and other GL accounts - a journal is the easiest way. Or should I say it is the way I have been doing it for over 20 years. How do I reconcile these “non bank” accounts except by printing paper copies of the statement and the GL account. We are living in 2026
Thanks
Alan Nathan
Manager cannot be used to reconcile your accounting data. You need to check the financial figures on Manager against the source accounting data to ensure income and expenses are accurate. Balance sheet accounts can be verified against individual transactions, supporting documentation and subsidiary ledgers.
