Bank reconciliation after new fiscal year

Question

I am waiting for YE adjustments from our accountant, so I didn't post my last reconciliation (October) - I was told not to post last reconciliation until I have all YE (I don't know why). 
 I already started new fiscal year. If I post it now, and I will need to make changes, will I be able to reverse it? 
 
 Thank You

Erzsi_I · Answer

Hi Margaret Kasza , Thanks for reaching out. It is possible to post a bank reconciliation dated in the previous fiscal year as you can work with two years of data in Sage 50 CA. This article advises to ensure that: 
 
 You can post a bank reconciliation with a statement date that is in the current and previous fiscal years as long as Setup, Settings, Company, System, Do not allow transactions dated before : is unchecked. 
 
 Hope this helps! Warm Regards, Erzsi

Sage 50 Canada

Bank reconciliation after new fiscal year

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