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Beginning Balance After Eliminating Previous Reconciliations

former_member594505
Active Participant
0 Kudos

Hello:

Our customer made a mistake a while back, in Bank Reconciliation within SAP Business One 9.3 PL06.

So, he cancelled all of the reconciliations to start over. But, when he tried to conduct the first reconciliation, Business One indicates that there is a starting balance.

But, this should actually be $0.00.

How can this be fixed, so that the starting balance indeed is $0.00?

Thank you!

John

kvbalakumar
Active Contributor
0 Kudos

Did the starting balance displayed is the ending balance of last reconciliation or some random number?

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member594505
Active Participant
0 Kudos

Hi:

I thought that I'd follow up. Are there any further thoughts, on this?

Thank you! Much appreciated!

John

kvbalakumar
Active Contributor
0 Kudos

Hi John,

Workaround is to make one more reconciliation with ending balance Zero ($0.00) and cancel that reconciliation too 🙂

Regards,

Bala

former_member594505
Active Participant
0 Kudos

The client does not have the capability to make a new reconcliation with a new ending balance of $0.00. What else can be done?

John

kvbalakumar
Active Contributor
0 Kudos

Unfortunately, there is no other way to overcome this issue!

former_member594505
Active Participant
0 Kudos

Hi:

The problem is that there is a $10,752 discrepancy that he cannot account for. That's what's preventing him from conducting another reconciliation. He would have to make an adjustment. Conducting such a journal entry would create a tax liability.

Is there not any other solution?

Thanks!

John