Cash Management Setup For Prior Date

Question

Previous bookkeeper setup CM bank accounts and used the reconciliation process for a few years, then quit keeping it up to date. How can I start using again and bring it up to date? 
 Can I start reconciliation for previous year?

Jenny Evans · Answer

As long as you don't create any entries in CM feel free to change the opening balance and ending balance as you need to flush out the old stuff in the reconcile bank function. Give your self permission to over ride in CM settings. Pick a date you want to clear from like 12/31/19. Depending on how many transactions you need to clear you can probably do just a few of reconcile bank sessions to flush it out. For example use a 12/31/2017 to clear up 2017, 12/31/2018 to clear up to 2018, then use 12/31/2019 to clear the rest. or do one every 3 to 6 months if you have a large dataset. Reconcile bank can only handle some many transactions at a time but still it can handle a lot. You may still need to turn on audit trails to reset the balances under "setup banks" window when you are finished. Backup first of course. Hope this helps!

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Cash Management Setup For Prior Date

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