When reconciling the bank to the general ledger and there is a variance from the prior month that never got cleaned up how does that affect your bank rec of the current month? Say I have $100 variance from April that never got cleaned up and now I am conducting May's bank rec which has a variance of $400, does that mean the $100 is within the $400 or do I add it on top of the $400 so my true variance is $500?
thanks!
thanks!