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Status Answered
Created by AgExpert Support
Created on Sep 23, 2022

Disqus Agexpert Accounting Questions Archive

My year end adjustments have a balance in the withdrawal column on my monthly reconciliation page. How do i balance this out or do I have to re-check my YE ADJ to make sure i didnt miss anything? The monthly accounts wont balance unless I leave it un-highlighted on the reconciliation.

  • ADMIN RESPONSE
    Feb 10, 2025

    Good afternoon Heather!

    For now, leave the transaction uncleared to balance your reconciliation - there is no problem with doing this. You will definitely want to check the year end entry to confirm the bank account is supposed to be affected, and if so, touch base with your accountant to figure out why this adjustment was made. It is unusual to have this kind of adjustment done, especially if you regularly balance your bank account.

    Thank you very much!

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