Canada Bank reconciliations

A

Ab10

Joined
Aug 9, 2022
Messages
1
Reaction score
0
Country
Canada
Hi

We have two withdrawals on the bank statement (ending July 23) that appear on July 21st but in our accounting system these transactions don’t show up till July 25th. Do you this it’s best to void these two transactions that are dated 25th in our accounting system and repost them for July 21st?
 
D

DrStrangeLove

VIP Member
Joined
May 27, 2022
Messages
163
Reaction score
27
Country
United States
Why would you do that? You can just make an accrual entry to reconcile the Cash account to the bank statement.

Here's a video on how to do it:
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA Timing of RMD withdrawal and Bank's Retirement IRA/CD maturity date 0
UK Bank and Xero access to external investors 0
Bank reconciliation help 2
Odoo 15 POS and Bank 0
USA Bank K1 investment, what is it called? 0
UK Bank Feeds... 0
USA Bank Reconciliation 5
USA Tax Attributes in Bankruptcy 0

Top