bank reconciliation cleared transactions in both accounts for a bank transfer. now i cant reconcile the other cash account

Question

We set up another bank account to handle our PPl loan balance and transferred the money as needed into our general checking account. Now i am going to do a reconciliation on the bank account and it isn't showing any of the transfer transactions. I am assuming that when i reconciled my general checking account that it also cleared it out of the reconciliation for this cash account. does anyone else have experience with this?

Richie · Answer

What method did you do to make a transfer to the account? 
 
 If you just did a single journal entry, then Sage unfortunately "clears" both affected accounts when you reconcile either one of them. 
 
 The solution is to go to the 1-1 Checks/Bank Charges screen. Then click "Options" and "Transfer to another account". You will need to set up a "clearing account" to use this method. But it will create two journal transactions for you, which enables you to reconcile each account separately.

Neil Macernie · Answer

Reconcile the first account, save a TRIAL reconciliation and save/print pdf. Then do the same for the other account. Then go back and final all account reconciliations. We have 6 bank accounts that have transactions between accounts and we also use an Undeposited Funds bank account. We run trials on all of them before going to final.

Sage Construction & Real Estate

bank reconciliation cleared transactions in both accounts for a bank transfer. now i cant reconcile the other cash account

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