Forum Message

Reconciling Specific Financial Years

How do I reconcile the present year reconcilation only.
Nat


Posted by Murugesu Nat on Jun 14, 2019 8:15 PM BST

Hi Nat,

Regarding your question about reconciling only the present year: Do you
mean you want to reconcile the current year now and you expect to never
reconcile previous years? Or do you want to reconcile the current year
now, then later go back and reconcile the previous years?


Posted by Solar Accounts Customer Support on Jun 17, 2019 12:37 PM BST

I wants to reconcile the year ended 18and 19 only. There is no option for configuring.


Posted by Murugesu Nat on Jun 17, 2019 1:05 PM BST

Hi Nat,

OK here's what you should do:

  1. Click menu Setup > Financial Year and check that the financial year
    start date is in 2017. If it is not, then click 'Start a new financial
    year' and set the date to be the correct financial year start date for 2017.

  2. Go to the Accounts list and double-click on Cheque Account, then check
    that the opening balance matches the balance on your bank statement as at
    the start of your financial year for 2017.

  3. Click menu Tools > Reconcile Bank Statement, then select Cheque Account
    and click OK.

  4. If you have any transactions dated before your 2017 financial year start
    date, ensure that they are all ticked. An easy way to do that is to tick
    the first transaction, then hold down the Shift key and tick the last
    transaction dated before your 2017 financial year.

  5. Continue reconciling transactions from 2017 financial year start date as
    described here:
    https://www.solaraccounts.co.uk/help/how-to-reconcile-a-bank-statement


Posted by Solar Accounts Customer Support on Jun 17, 2019 4:05 PM BST