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We often find some issues while doing the Bank Reconciliations, of which one issue is that, we find Deposits Outstanding in the Summary tab of the Bank Reconciliation Screen but no entries in the Reconciliation tab for the same.
This issue may arise due to the Receipt Entry having the Deposit Date different from its Receipt Date.
We have created the following Receipt Entry from the AR Module:
Here we have created the following Receipt Entry for which we have selected the Vendor as 1200 and the Bank as TEST4.
Then we have selected different Deposit Date and Posting Dates i.e The Deposit Date is selected as 1st December 2022 and the Posting Date is selected as 24th November 2022.
So now when we try to do the Bank Reconciliation for the month of November. .ie 30th November 2022:
Here we can see there is a Balance in the Deposit Outstanding. But when we click on the Reconciliation tab, there are no entries regarding Deposits.
But when we try to do the Bank Reconciliation till 1st December 2022:
Here we can see the Deposit entry which we created. After entering the Statement balance and reconciling the entry, the Out of Balance becomes 0.
The reason behind this issue is that the Bank Module takes the Deposit Date for the Reconciliation, although the calculation of Deposits is based on the Receipt date. So whenever we create a Receipt Entry with a different Deposit Date and Posting Date, the Reconciliation tab will show the entry only if the Deposit Date is in the Criteria.
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