Welcome, Guest. Please Login.
05/19/24 at 09:03:02
News:
Home Help Search Login


Pages: 1
Send Topic Print
Check Register & Balance Sheet (Read 1071 times)
Stephanie
Browser
*




Posts: 12
Gender: female
Check Register & Balance Sheet
02/16/04 at 17:05:49
 
My check register ending balance and the assett account on the balance sheet do not match...  
Any suggestions?
Back to top
 
 
  IP Logged
Lynn_Pantic
Administrator
*****


evolution (n) -
gradual change to a
different form

Posts: 5681
Re: Check Register & Balance Sheet
Reply #1 - 02/16/04 at 17:53:07
 
Which one is correct and agrees with the bank statement?
Back to top
 
 

Lynn Pantic
IS Tech Support
lynn@istechsupport.com
Email   IP Logged
Stephanie
Browser
*




Posts: 12
Gender: female
Re: Check Register & Balance Sheet
Reply #2 - 02/17/04 at 15:17:03
 
The check register is correct (GL-I) and the balance sheet is wrong (GL-F).  Thanks ~S~
Back to top
 
 
  IP Logged
vicki
Browser
*


Greetings

Posts: 50
Gender: female
Re: Check Register & Balance Sheet
Reply #3 - 03/25/04 at 12:17:02
 
verify that you have posted your General Ledger accounts in GL-0 Print/Post General Ledger Batches
Back to top
 
 

Victoria Dukes
Thermometrics Corporation
www.thermometricscorp.com
Email WWW vichayden2002   IP Logged
Lynn_Pantic
Administrator
*****


evolution (n) -
gradual change to a
different form

Posts: 5681
Re: Check Register & Balance Sheet
Reply #4 - 03/26/04 at 07:37:59
 
If everything is posted in GL-O and they still do not match and the check register is correct, use GL-B and make a type 1 General Journal entry to correct the balance.  This will hit the GL Balance but not the check register.  The tricky part, of course, is where to post the other side of the entry.  Cash is usually posted against AR or AP but if both those accounts are correct, you will need to put it someplace else.
Back to top
 
 

Lynn Pantic
IS Tech Support
lynn@istechsupport.com
Email   IP Logged
Pages: 1
Send Topic Print