Reconciliation
donald miller
We have been using Money Dances for sometime now along with another accounting package (Quicken). Until now we have been using the reconciliation function from Quicken. We have discontinued using Quicken and have switched entirely over to Money Dances. Now when I try to run the MD reconciliation, it automatically brings forward the current running account balance as the previous month beginning balance. Is there a function that provides the opportunity to enter a different beginning balance?
Thanks for any help you can provide
Don
Comments are currently closed for this discussion. You can start a new one.
Keyboard shortcuts
Generic
| ? | Show this help |
|---|---|
| ESC | Blurs the current field |
Comment Form
| r | Focus the comment reply box |
|---|---|
| ^ + ↩ | Submit the comment |
You can use Command ⌘ instead of Control ^ on Mac
1 Posted by Stuart Beesley ... on May 26, 2022 @ 07:14 PM
Nope. It’s always worked that way. The important thing is the new closing balance.
2 Posted by dwg on May 26, 2022 @ 11:00 PM
I'm a fellow user.
The opening balance is a calculated one it is defined as the Initial balance + cleared deposits - Cleared payments.
Given this formula it should result in this number being the same as the last statement closing balance. If it is not it mean there is something wrong in the account. If it is just that a cleared status has been changed then that will be apparent when you do the next reconciliation, if it is something else there is a problem to find and correct. Without taking any action it would never be possible to reconcile the account i.e. arrive at the same balance as the bank has.
System closed this discussion on Aug 25, 2022 @ 11:10 PM.