How to input a positive balance when reconciling

raininghere

On the USE STATEMENT BALANCE method of reconciling, I cannot input a positive Statement Ending Balance. Anyone know how to do this? Thanks.

John_in_NC

It depends on the Account type:

Cash/banking accounts normally assume the amounts are positive. You shouldn't have to sign the amount.

Credit Cards (which I suspect you are dealing with) show the transactions/balance as negative amounts, but you enter the amounts unsigned (appearing positive) like they are on the paper statements.

If this is a credit card account with a truly positive balance (such as from a credit), then enter a negative amount for the balance, This isn't normal, but will make the number used positive for calculations as it will be opposite of what the program is expecting.

John_in_NC

It depends on the Account type:

Cash/banking accounts normally assume the amounts are positive. You shouldn't have to sign the amount.

Credit Cards (which I suspect you are dealing with) show the transactions/balance as negative amounts, but you enter the amounts unsigned (appearing positive) like they are on the paper statements.

If this is a credit card account with a truly positive balance (such as from a credit), then enter a negative amount for the balance, This isn't normal, but will make the number used positive for calculations as it will be opposite of what the program is expecting.

raininghere

Thank you, John. Your method worked!