BANK REC CATASTROPHE!!! 1

[Lidleoompa]

I just started working at my company. The bank recs have been done incorrectly. Whenever the bank balance does not match the book balance, bank entries were made to balance it. I can not move forward because of these mistakes

Does anyone have any suggestions on how to go back and correct these mistakes?

 

[Jay Converse]

1. Run Data Integrity for Bank Services with the Fix Option on.

2. Do a Bank Rec, and make an adjustment for the difference, using the bank's GL account.

 

[ettienne]

The bank balance and book balance were most likely not balanced due to returned AP checks, this is a known issue in Bank Services.