Deactivate a bank account with unreconciled bank statement lines still present?
I’m looking for guidance on handling bank account deactivation when there are unreconciled line items on the bank statement side.
In our case, we have a few items such as interest and miscellaneous debits that remain unreconciled. However, these transactions have already been accounted for directly through journal entries (JEs) instead of being matched through the bank reconciliation process.
Is it acceptable to deactivate (or end-date) a bank account with such unreconciled bank statement lines still present?
If not, what is the recommended approach to handle these entries before deactivation?
Thanks,
Sai.
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