Account Reconciliation

Question

I get the message "No account selected" when I try to post the monthly reconciliation.

Agate · Answer

If you are in the reconciliation module of Sage 50 and you click on the Account field(box) and there are no accounts listed in the drop-down box then the account to be reconciled has not been set to reconcile. You must go to the Company section, choose chart of accounts, select the account number you would like to reconcile, once opened select the tab Reconciliation & Deposits, check the box Save Transactions for Account Reconciliation, select the Set Up box in the bottom right-hand corner of your general ledger screen and ensure you have accounts assigned for Bank Charges, Bank Interest, etc., last click the button(box) Save and Close. This will set up the account you want to reconcile. Open your Reconciliation module and your account should be available. The next step is to set up your reconciliation with any previous month outstanding items.

Sage 50 Canada

Account Reconciliation

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