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Bean_Counter
Experienced Cover User
13 days ago
Status:
New

Bank Reconciliations

I note that:

  • on the action page "Reconcile accounts" the offered Statement date is today's date - which is fair enough - although the actual statement date will invariably be a prior date
  • the Date last reconciled shows the date on which the last reconciliation was performed - not the date to which the transactions are reconciled - which is generally the last day of a preceeding week or month.  

It will be much less confusing if dates are reported as the date up to which the transactions are last reconciled.  Of course if a Reconciliation is undone, then there may need to be an option to enter the relevant date.

 

Similar confusion exists on the "Bank reconciliation report" in that the date of the report under the heading shows today's date - not the relevant date.  The "Account Balance on" in the Reconciliation section reports similarly.  Again confusion reigns!

 

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