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Accounting date for reconciled checks is not the date the check cleared the bank

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Summary:

Accounting date for reconciled checks is not the date the check cleared the bank when it crosses months

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We currently have a situation where the reconciled checks that happen on the last banking day of the month are being recorded with an accounting date of the first day of the following month in the ledger. This is causing our financial statements to be materially misstated at the end of the month. This situation is only happening at the end of the month and payments that reconcile in the middle of the month are recorded in the ledger with the date it was actually cashed at the bank. We believe this is due to the timing of when we receive the BAI

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