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How Do I Reconcile Bank Transactions the First Time After Going Live?

edited Jun 2, 2025 2:31PM in Ask A Guru 5 comments

Hi Gurus! :)

Scenario: We load bank GL summary to the bank account, and then go live.

Say, we have one historic period. We loaded history to January, $2995 (reconciled outside NS), and then went live in February and had a $5 tx. Now we want to reconcile February. After matching February in Match Bank Data page, I go to "Reconcile Account Statement" and it has a "last reconciled" line.

Question: How does NS know what the last reconciled balance is?

If I reconcile the $5, it will go to "reconciled this statement", correct? And the difference will be $2995. The goal is to make the difference $0 somehow.

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