It's essential to have a clear understanding of what your book balance is and how it should be reconciled with your GL account. Your book balance is the total amount of money in your bank account, including any outstanding checks or deposits. It should match your GL account, which records all financial transactions, including revenue, expenses, assets, and liabilities.
However, future transactions can throw off your book balance, making it challenging to reconcile with your GL account. That's where this how-to video comes in handy. RKL eSolutions' Sage 500 Solution Architect, Jennifer Pitt, walks you through the process of correcting your book balance, ensuring that all variances between your GL and book balance are cleared back to zero.
By following Jennifer's expert guidance, you'll be able to reconcile your book balance with your GL account and identify any discrepancies that might be causing issues. With this knowledge, you can make informed decisions about your finances and keep your business running smoothly.
So, if you're struggling to reconcile your book balance in Sage 500, check out this how-to video and get your finances back on track.
Replay on RKL YouTube Channel