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Thread: Reconciliation Output: I reconciled my Cash Book accidentally with a negative balance

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    Reconciliation Output: I reconciled my Cash Book accidentally with a negative balance

    Hi, I need help. I accidentally reconciled my cash book and it had a huge difference, I just want to know how to I reverse that entry and find the in difference so I can reconcile it again with the zero balance between my Reconciled Bank Statement and Computer Bank Statement. I am using Pastel V14

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    Diamond Member Mike C's Avatar
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    Hi Phila,
    Have you found out where your mistake is?

    If so then
    1. Do a backup so that if your corrections do not work as you expect them to, you can restore and try again.
    2. Now do an exact replica of your mistake (same date, amount etc) but put a minus in front of the amount.
    That should correct the mistake.
    3. Now do the entry as it should have been done in the first place.
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel. - Maya Angelou

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    Diamond Member Neville Bailey's Avatar
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    Just a little tip with regards to bank reconciliations in Pastel - don't update your cashbook journals until you have done the bank reconciliation. If you find a mistake in your data capture when doing the bank reconciliation, you can simply edit the open cashbook journals.

    A much easier and neater option than having to do correcting entries after you have updated the cashbook journals.
    Neville Bailey - Sage Pastel Accounting Consultant
    neville@accountingsoftwaresupport.co.za
    www.accountingsoftwaresupport.co.za
    IronTree Online Solutions

    "Give every person more in use value than you take from them in cash value."
    WALLACE WATTLES (1860-1911)

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