Withdrawls Outstanding 1

[Meagan123458]

My Accpac reconciliation balances (i.e., statement to book balance), but I am showing an outstanding negative withdrawl on the summary sheet (and currently having no outstanding chqs/deposits). The book balance within the reconciliation does not match to my GL by the same amount as the negative withdrawl. Ultimatly, I need to eliminate the negative withdrawl outstanding and then I can adjust to balance with an entry through the reconcilation.

 

[ettienne]

Clear the neg withdrawal and then do an entry to correct the balance.

 

[Meagan123458]

How do I clear the negative withdrawl? This was not something we manually did, it just "appeared".

 

[ettienne]

I would assume you can clear it in the bank reconciliation.

 

[Meagan123458]

No, it does not show in the withdrawls, but only as a negative withdrawl on the summary tab of the reconcilation.

 

[ettienne]

OK, I just reread your post.
Your statement balance will only match your book balance if you have nothing outstanding, i.e. no checks/deposits outstanding.
If you have a number in the withdrawals outstanding field then you have checks outstanding.
If things do not add up then click Save and click Calculate and then see if they add up. If not then run a data integrity check on bank services with the fix option and see what happens.

 

[Meagan123458]

Thank-you Ettienne, the data integrity check did the trick. What exactly is this function and should I be running it on my other applications?

 

[ettienne]

The data integrity check does exactly that: checks the data for errors and fixes errors that can be fixed.
If you have never run it then you may get a shock when you do run it. It is normally run when you have a problem like above.

 

[Meagan123458]

Thank-you sooooooooo much!