I have a slight issue with the bank reconciliations, in so much as they don’t cast. For example Balance per Ending Balance Statement £1,286; Outstanding Cheques £Nil; Outstanding Deposits £Nil; Cash Book Balance £1,341.
Has anyone else had a similar issue?
I’ve though about posting a correcting journal of £55 through the bank account with the other side going against expense, but will this leave me with an unreconciled item on my bank rec?
If so, how would I remove this reconciling item?