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Topic: Jan. Credit Card Reconciliation

cob100
Member

posted 02-26-2003 08:26 AM

I need to enter transactions from a Jan-03 credit card statement. The statement includes some transactions from Dec-02 (since the credit card statement period runs from mid-month to mid-month).

Since I've already Begun a New Year, if I enter the Dec-02 transactions in the Dec-02 files, they won't rollover into the Jan-03 Reconciliation, correct?

Where should those Dec-02 entries be made -- in Dec-02 or Jan-03 and what should I do about the reconciliation?

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fni_support
Moderator

posted 03-03-2003 08:59 AM

If you have already closed the 2002 data and rolled uncleared transactions into 2003, any new transactions in 2002 will not appear in the January 2003 reconciliation.
You can input the new transactions in 2003 even though the transactions themselves were dated back in 2002. To keep the reconciliation straight, see the post first month of new year bank reconciliation and follow the instructions for reconciling the first month of a new year. The steps are similar to reconciling a bank account.

Juan Najar
Technical Support
Financial Navigator Int'l

[This message has been edited by fni_support (edited 03-03-2003).]

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