Hi John,

When clearing an item in account reconciliation there is no effect on the accounting (GL balances, financial reporting, etc.).

Thank you.

Hi John, 

The item is posted when you make the entry.   The bank reconciliation means the amount cleared the bank.  

Outstanding items need to be reviewed.   Did the check make it to the final destination?  Does it need to be reissued?   Is the GJE correct?   Does it need modified or removed.   Maybe you used the wrong bank account. 

I hope I have answered your question. 

Kind regards,