Does the closing balance per bank equal the closing balance on my bank statement?

Created by Rita Goncalves, Modified on Fri, 6 Jun at 4:06 PM by Rita Goncalves

It should; however, it depends on whether you have been updating the opening balance on each bank statement correctly. The Closing balance per bank calculates the total of all transactions posted to the bank account in question. The closing balance on a bank statement is entered by the users and has no impact on the bank rec summary. 


Customer search terms

_______________________________________________________________________________________

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article