A lot of users tend to create many Bank Acc. Reconciliations and they can't post these before all entries are matched and the total balance and the balance to reconcile are the same.
Theoretically this is fine, but in the real world users can't just frequently post their Bank Acc. Reconciliations, because they have to wait for answers regarding the transactions from others inside the company, vendors, customers, etc.
Instead of only being able to post the Bank Acc. Reconciliation if all entries are matched and the balance in the bank entries and GL entries are the same, please make the Bank Acc. Reconciliation just ONE constantly open journal
In this journal the user should be able to import more transactions periodically and be able to post just the matched entries.
Comments
Agreed. It's a shame that Xero and QB handle reconciliations better than BC. While it's fine to have a balance validation process for month end, there should be two running ledgers for each bank account: A match screen similar to what we currently have of all unmatched imported bank transactions (Ideally reachable from the associated Bank Ledger Entries List).Bank Ledger Entries List should clearly indicate whether a transaction has been reconciled and have an option to "Unmatch" or "Undo Reconciliation"
Category: Financial Management
Still a lot users create multiple bank account reconciliations but are unable to post them until all entries match and the balances match. This process is time-consuming and inefficient as it requires waiting for responses from external parties.
Category: Financial Management