Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
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!
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Please note that on Friday, March 20, 2026, at 8:00 PM Pacific time, our Case Management System will undergo a scheduled maintenance for approximately 4 hours. During this time, case creation via SuiteAnswers will be unavailable and inbound calls will be routed to Customer Service.
What is the difference between Bank Reconciliation and Balance Sheet?
At the end of our last financial year. The balance in the bank account was different to the balance sheet because there were some uncleared checks. When we totalled up the uncleared checks they match exactly the difference between the bank account and the balance sheet.
now before I go any further we reconcile our bank statement every day. So if I go to the bank reconcillisation for the 31st March the closing balance in the bank reconcillisation matches our bank statement to the penny.
However if I no pull a balance sheet for the 31 march it shows a lower amount than is in the bank and this year we do not have any outstanding amounts because all payments are made on-line.
0