You can create a Journal entry for a temporary bank error in the reconciliation, Terri.
When creating a journal entry, it is highly recommended to consult with your accountant to ensure the entry is recorded accurately. They can guide you on which accounts to use, the proper amounts to enter, and the correct classification of the transaction. This will help avoid errors and ensure your financial records remain accurate and compliant with accounting standards.
Additionally, they can provide insights on how to reverse or adjust the entry in the next reconciliation.
If you have follow-up questions, don’t hesitate to revisit this page.
