Hello Gymcat,

Sage 50 allows you to post into the prior fiscal year. If you were to do so, then the transaction would show as outstanding on your next reconciliation. If that won't clear the bank until a later date, then that should work fine. However, if the issue is the June reconciliation is incorrect and needs to be fixed, then you can use the reverse bank reconciliation button at the top of the bank reconciliation window to redo the June reconciliation after posting the new entry.

Thanks,

Chris Parrish

thanks Chris, I wil try to reverse the june bank reconcilition. if that is successful, can you guide me through how to post the outstanding cheque? i do not have the buttom for "add prior oustanding" . do i need this to post the outstanding cheque? we never deal with cheques so i am new to this and i have exhausted my book resources LOL.

thank you so much for the tip!

Lise

To post the "extra" cheque, it is done regularly.  Journalize as a payable and use the cheque and number  as payment.  Be extra careful of your dates.

Gymcat said:

i do not have the buttom for "add prior oustanding" . do i need this to post the outstanding cheque?

This button is only used for setting up the bank rec module for the account.  It is used to add any prior outstanding entry to the bank rec module that did not clear the bank on the prior statements for that account.  When starting the use of the bank recs in Sage 50 for that particular account the program needs to know what did not clear in prior periods.

After the bank rec module is set up for an account, the Add Prior Outstanding button is no longer needed and therefore is not seen again unless you reset the module to the beginning again for that account.

Any new entry that affect the account, whether in the current or previous fiscal years will automatically be added to the bank rec module as outstanding as Chris mentions.