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  • Credit Card Reconciliation - Technical Error with Moneris

    FormerMember
    FormerMember
    Our credit card processing service had a technical error communicating with our accounting software back in February. Sage Exchange gave us an error when processing a credit card transaction and didn’t give us an approval code. I processed the transaction…

  • a positive unresolved amount and a negative discrepancy amount

    FormerMember
    FormerMember
    I have a positive 2040 unresolved amount and a negative 2040 discrepancy amount - in my last Dec bank rec. Beginning and ending balances are agreed to the bank statement balances. How I can get rid off the discrepancy? Bank has not been reconciled yet…

  • How to clear outstanding cheque to bankrupt vendor

    Hello everyone...hoping you can help me out. Back in January I ordered some inventory from a vendor of ours. The items shipped, arrived, invoice was included with goods so I paid the invoice and sent the cheque. Mid-March the cheque is still outstanding…

  • How do I correct an opening balance error in bank account?

    When the system was setup, the person who did the setup, opened the bank account with 50K CR instead of 50K DR. When I took over in January, I wanted to correct the opening bank balance. I went through the account setup and changed the opening balance…

  • is it possible to suspend bank reconciliation for a month and move to another month?

    "Is it possible to suspend bank reconciliation for a month and move to another month"

  • Recording Payments by Visa/Mastercard

    Hi there, I have a question about receiving/recording payments made by Visa/Mastercard. Someone previous to me has set up Sage to receive payment using the credit card feature with no discount fee, as the fee is only deducted monthly and it varies significantly…

  • Account Reconciliation

    Can someone help me please! I use Sage 50 Premium Accounting CA and I am doing my Account Reconciliation for the first time. My opening balance and end balance are correct. Here is my problem... My opening balance matches my unresolved $20,892.26 but…

  • Bank Reconciliation Discrepancy

    Reconciliation for Dec 1-31 showing -$1208.03 outstanding. This amount entered in Nov thru Gen J as a transfer from savings to chequing acct (db bank, cr savings and cleared in Nov rec). The Dec bank rec beginning balance and ending balance match, except…

  • Bank Transfers USD Account to CAD Account

    Hello everyone, I'm new here. I transferred $1000 from our US account to our Canadian account and failed to use the correct exchange rate. When I tried to reconcile the Canadian account, I found out that the amount in the Canadian bank statement was 3414…

  • Cheque on my outstanding list that is not valid.

    I have a cheque on my outstanding list that is not valid. I cleared the cheque in my February bank reconciliation. Then after I posted the reconciliation I adjusted the cheque because I needed to reallocate the expense to a different account.Then in March…

  • Creating Cash and Cheques to be deposited Account

    Hi all, I would like some help to create an account where I can deposit my cheques and cash until i go to the bank. I want to be able to create a receipt once i get the cheque or cash but since its not in the bank yet, i dont want it to go in my bank…

  • Bank Reconciliation

    I seem to be having the same problems with my bank rec. Very few transactions on bank statement. All the figures are correct. But I still have a discrepancy, that was there before I started the new reconciliation. How do we solve this problem

  • Unresolved amount

    The deposit slip has an incorrect amount and the bank didn't catch it on time. This discrepancy is the unresolved amount therefore I cannot post the bank rec unless I do an entry for such. Is there a way to clear just the incorrect amount so the discrepancy…

  • RE: Sage 50 Bank Rec for first time and balances match????

    H Joanne, If you cannot post your bank reconciliation, it means you have discrepancy and/or unresolved amount. You may want to have a look at the following KB article for more explanation about discrepancy and unresolved amount 10237 - My bank reconciliation…

  • RE: No Transactions showing up for reconciliation -please help1

    Hi Scrapgal, You may want to have look at the article below. Why are there no transactions showing in my bank reconciliation window? - KB15998 Hope this helps.

  • RE: Adjusting Opening Balance

    Hi margob, For unresolved amount in bank reconciliation, you may want to have a look at the following KB article. My bank reconciliation has a discrepancy and/or an unresolved amount. - KB10237 Hope this helps

  • Small Unresolved Amounts in Account Reconciliation

    Hi, I had an accounts receivable paid by a customer, however, the cheque they wrote us was short by the small amount of $0.20 (the cheque was for over $5,000.) I entered the A/R as paid in full, knowing that when I do the account reconciliation that…

  • RE: Discrepancy in Bank reconciliation

    Hi Rhonda, It's not impossible for the data to pile up and require that you clear the reconciliation and start over. (it's happened to me, while I was doing a reconciliation, and while in multi-user mode with others entering payments) That's a lot of…

  • RE: Discrepancy in Bank reconciliation

    Hi Rhonda7, The following article may help you to determine the reason why you have the discrepancy and unresolved. My bank reconciliation has a discrepancy and/or an unresolved amount. - KB10237 If the discrepancy and unresolved amount are not…

  • Discrepancy in Bank reconciliation

    I am completing our January 2014 bank reconciliation and I have a discrepancy of -297 and an unresolved amount of 297. I know exactly what this is but do not know why it happened or how to fix. On January 23 I posted an invoice to a supplier for $297…

  • RE: What are the steps to do the monthly bank reconciliation in Simple Acccounting?

    Hi Maggie, You must be using First Step. For First Step, there is no bank reconciliation. Bank Reconcilation is available from Pro or up. You will need to do your bank reconciliation manually. For comparsion between First Step and Pro, you can follow…

  • Bank Account Rec - Account Recievable

    Ok, Hopefully I can explain this well. Over the course of 6 months we had continuous sales with one main customer. Lets just call it " cust A" Their was a large amount of discrepencies in "cust A" pay summaries so long story short, I wanted to reverse…

  • 1st bank rec since rebuilding data using accountant's year end figures

    I have done and redone bank recs numerous times, and have always been able to figure it out when the discrepancy and unresolved argue with you. But I am stumped this time. I have rebuilt a company after they lost all data due to a computer crash, and…

  • bank balance

    How do I reset my bank balance. The acoount has never been reconciled and I have an outrageous amount as a bank balance. I want to enter my bank balnce on my new statement date ..can you help ??

  • RE: Resolved and unresolved issues

    Hi Crbookkeeping, For discrepancy, you will have to adjust the statement opening balance to make it zero. If discrepancy is a positive number, you add it to the statement opening balance, if it is a negative number, you minus it from the opening balance…

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