Hello,
Has anyone ever added a beginning balance on a new bank reconciliation? We have a petty cash fund which shows as a balance on the balance sheet, but I wanted to add it the reconciliation process. I added the a new bank rec for the account but does not pull in the balance as on the balance sheet.
I thought to add a JE to credit the cash account with the GL $ amount, then debited the same amount to the cash account- which do show up in the rec. If I clear the credit line and leave the debit line and the ending balance is populated with the correct amount. The issue is that the other line will never clear - which I prerfer not to see each month. Any thoughts?
