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There are will be instances when book record does will not match that of bank record or vice versa. This is where the Difference field at the bottom left corner of the screen is useful. This field will show an amount other than If the amount shown in this field is 0.00. If that happens, you will have to determine if the problem is with your book record or with your bank. Here are some examples when this field will show other number than 0.00.
- If all transactions shown on your bank statement are present in the Payments and Debits and Deposits and Credits panels but there are left unchecked transactions in these panels, then that transaction/s might be part of the next bank statement, example:.
Here is a sample of unchecked transaction. With this kind of scenario, the said transaction will be forwarded to the next reconciliation as transaction awaiting to be cleared. Other case might be, the transaction was not recorded by the bank. With that, you may want to verify it with your bank.
- If there are transaction/s shown on your bank statement but is not shown in the Bank Reconciliation screen, then you will want to add that missing transaction in your book record so it appears in the Bank Reconciliation screen. To do this, see How to add debits or credits transaction directly on Bank Reconciliation screen.
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