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This will sometimes occur when you start a new fiscal year. When open or start the new report,
NTS will ask if you want to include transactions from the previous fiscal year. You should
answer Yes to this question.
If you answered yes, or if that doesn't resolve the problem, you need to check your fiscal year
starting balances. For instructions on correcting your starting balances, please see the link
below.
There is a third (less common) situation that will also cause your beginning balance to be
incorrect. For example, you just started the 2009/2010 fiscal year. If you have a check in the
2007/2008 fiscal year that you have not marked as reconciled, then the balance will be off.
NTS will only carry unreconciled transactions forward to the next year. After one year, the
transactions are dropped.
To correct this situation, go back to the fiscal year you just completed (08/09 in this example).
Enter an expense adjustment equal to the amount of the outstanding check(s) from 07/08 to put the
funds back into your account. For instructions, see the link below.
Next, open the last reconciliation report of the year you have just posted the adjustment entry
to. Reconcile both the adjustment entry and the old check that never cleared the bank.
NOTE (only for third situation): You will have to change the fiscal year to reconcile the check
that never cleared the bank. After you have finished, change the fiscal year back to the current
year. Finally, you will need to correct the starting balances for your current fiscal year. See
the link below for more instructions.
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How do I correct my starting balance?
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