Sage Novice

[Kattmartin1]

Hi, I am new to Sage and have a question about bank reconciliation. Is it possible to match transactions without reconciling? ie. if I come up against transactions on the real bank statement that is not in the sytem, and I can't get info about them until later, can I skip these and go on matching those that I can? Or must I stop until I get the relevant info?

 

[HAZEL B]

Hi

Yes you can match just the ones you have posted - just click save instead of reconcile. Then post the missing transactions and go back to reconciliation and the system will ask you if you want to continue with your saved reconciliation - just say yes and carry on matching. When you are happy there is no difference click reconcile to complete the process.

Happy posting

 

[Kattmartin1]

Thanks. Can you tell me if you can carry on matching to the end of the statement pages then go back and add the missing transactions.

 

[sheelagh]

Yes, you can match to the end of your bank statement pages. The difference displayed in the bottom right hand corner should be the same value as the total of transactions on the bank statement which you have not yet posted.
When you have done as much as you can, click SAVE. When you re-visit the bank reconcilliation, choose USE SAVED. If you choose DISCARD SAVED, you will loose all the work you have done in the bank rec.
One word of advice - try to finanlise the bank reconciliation to a nil difference and hit reconcile regularly. You can get into a dreadful mess if you don't, and sometimes (in my experience) Sage kicks up and discards your saved work.

 

[gillyfleur]

Yes, you can match to the end of your bank statement pages. The difference displayed in the bottom right hand corner should be the same value as the total of transactions on the bank statement which you have not yet posted.
When you have done as much as you can, click SAVE. When you re-visit the bank reconcilliation, choose USE SAVED. If you choose DISCARD SAVED, you will loose all the work you have done in the bank rec.
One word of advice - try to finanlise the bank reconciliation to a nil difference and hit reconcile regularly. You can get into a dreadful mess if you don't, and sometimes (in my experience) Sage kicks up and discards your saved work.

And don't I know it !! I lost hours of work yesterday because I'd happily ticked stuff and saved it, gone in and out sorting queries - and then it lost the b****y lot !! so much for "Save" !! I was so fed up I gave up and went home !

 

[LaShel Bookkeeping]

Just a little piece of advise, I learned the hard way, like yourself. What is much easier it to reconcile each month to your exact statement figure. Anything that you cannot find put this into your suspense account, after all this is what it should be used for. If you have suspense items already in there awaiting final accounts then just open a new nominal code. It is much easier reconciling a suspense account that keep going back & forth. Good luck. Just ensure the nomial code is opened under the 9000 code's to keep this in the profit & loss section..

 

[weebly_one]

I also reconcile my bank account one page at a time, rather than for a whole month at a time - that way if it stuffs up on the sage (which happens rarely but you never know) you have the chance of losing less work.