Hi, I have a basic question. I managed to import the CVZ from my bank account but it is not balancing. How to I reconsile so I can start using quickfile. Thanks,
Hello @joayoung
Have you just started recently, is there an opening balance on the bank account (View the account > Options > Settings)
Were there transactions on the account prior to the statement you imported?
If not enter the statement opening balance as the opening balance on the bank as of the statement start date.
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Thank you for your help, I see where to add that. I assume I add as ‘current acocunt’ However, it says I must add two journal extries minimum?
Hello @joayoung
In the bank account you can add the opening balance and date.
The other side of this transaction will be posted to the suspense account.
When all of your opening balances (from your opening balance sheet) are entered they will net off in the suspense account.