Account Reciliciation with a sweep account attached.

Question

I have a Bank Account that we only use once a month with a sweep account attached to it. We make one deposit at the beginnig of the year and it is used for the debits all year long with the balance going to a sweep account. How do I balance that in the account recon section with our bank statement each month? 
 
 I am using Sage 50 US Edition

Best Business Strategies · Answer

Everything that happens at the bank must happen in Sage 50. Use the GL Journal on a daily basis to record these transactions.

Kind regards, 
 Shirley

KimClement · Answer

In Account Reconciliation you are required to enter a Statement Ending Balance that would come from your Bank Statement at month end. This is the number Sage uses in the calculations to reach the value in Unreconciled difference. For this reason, you will need a monthly bank statement to reconcile.

Sage 50 US

Account Reciliciation with a sweep account attached.

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