FAQ #: 124
I am trying to reconcile my bank statement and the Last Reconciliation Date and/or the Beginning Balance is not correct.

This means that the last time the Bank Reconciliation was performed and "saved" using the "Save and Complete Reconciliation" button (green checkmark button), the Statement Date and/or Statement Balance was not correct.

It is likely, in this case, that the "Unreconciled" amount is going to remain red even if the amount of cleared checks, deposits, credit cards, and G/L entries is correct. This is OK.

Be sure to enter the correct Statement Balance and Statement Date for the current Bank Reconciliation and that the Outstanding Checks, Deposits in Transit, Pending Credit Cards, and Pending G/L are correct for this current bank statement. When you use the "Save and Complete Reconciliation" button (green checkmark) for this statement, the correct figures will be stored for next month's reconciliation and you will be back on track.