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