Tag Archives: transactions

Dealing with Old Uncleared Transactions

When you are reconciling your accounts each month, have you noticed that there are Uncleared Transactions on your Reconciliation Detail Reports?   It is expected that some transactions may not have cleared your bank at the time of statement closing, such as checks that were recently printed and mailed.  What you should always be careful to

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Handling Uncategorized Transactions

Almost every time I work at monthly or quarterly cash and credit reconciliations, there are inevitably transactions that I will have questions on and therefore need to obtain further clarification before booking to the appropriate account in the client’s financial database. I always like to book transactions to relevant accounts that have a useful purpose;

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