Cannot balance on bank recon - Pastel Xpress

[Van100]

Hi

In my search for answers got to this excellent site!

We are trying to balance our cashbooks with the bank statements and period 1 and 2 balance
fine but period 3 does not balance.
We have looked at the other threads discussing this but cannot figure out how to correct it.

We had two direct postings between two bank accounts which we reversed but it does not solve the problem.

Any assistance will be much appreciated.

Thanks

[Mike C]

Hi Van100,

When reversing a posting in a cash book it is best to use the exact same details except that you put a minus figure in front of the amount.

So if you did the transaction under the payments section you enter the reverse posting under the payments section as well. Same Date, same reference etc except for the negative amount.

To do the transfer from one cash book to another it is better to go through a "Transfer Account" Out from one cash book into the transfer account and then into the other cash book from the transfer account. That way the transfer account remains zero and the transactions are clearly posted.

If this does not answer your question it would be helpful to be more specific as to what was done and how you tried to correct it.

[Van100]

Hi Mike,

Thanks a lot for the advice we did this and it have worked.

Regards

[Mike C]

My pleasure!