Outstanding Transactions After Reconciling
by Sharon
(Canada)
Bank Reconciliations
Why does my general ledger bank balance not match my bank reconciliation report?
I made a few adjustments after the reconciliation was done. I do see some outstanding transactions but I am unable to clear them becuase I have already reconciled.
The bank balance at year-end does balance out to the bank statement; it is just those few months that do not. The reconciliation reports are correct but the general ledger reports are off due to these outstanding transactions.
Do I need to do something to clear these outstanding transactions?
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