Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Weekly Quiz! You only have until February 22, 2PM EST to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Discover NetSuite's potential! Join our webinars, learn from experts, and optimize your operations. Whether you're experienced or new, secure your spot today and stay ahead in NetSuite!
Share with colleagues and friends who could benefit from our webinars too!

How do we match and reconcile Opening Balances with no corresponding Bank Items?

edited Feb 19, 2021 5:42PM in Ask A Guru 8 comments

Hello All!

New to the bank import matching and reconciliation feature and need help with how to handle matching and reconciling the opening balances entered via journal entry.

We entered opening balance as of 12-31-20 via a journal entry (not an opening balance journal) so those 2 entries are showing as JE to be matched on the right with no corresponding transactions on the bank side. Would I just follow the instructions in SA#63909 to uncheck the box for "Use Confirm Transaction Matches and Reconcile Account Statement" on the Account as of 12-31-20, mark the journals as reconciled under the Reconcile Bank Statement page, and then go back on the Account and re-check the "Use Confirm...." and save?

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!


Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders