Article ID: 8654

Clearing Bank Errors

Bank errors carry forward to the next period after you enter a New Error in the Bank Reconciliation tool and complete the reconciliation for the period. The program carries the error forward until your financial institution corrects the error and you mark it as cleared on the Bank Reconciliation window.

If your financial institution never reverses the error, you can write off the error as a loss or gain for the following types of errors: