The Difference field in Bank Reconciliation is calculated by taking the Beginning Balance you entered, subtracting checks cleared, adding deposits cleared and comparing the resulting amount to the Ending Balance you entered. If Beginning Balance – Checks Cleared + Deposits Cleared DOES NOT equal the Ending Balance you entered, the difference between the two will be displayed in the “Difference” field.
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Orion Accounts Payable
How is the “Difference” Field in Bank Reconciliation Calculated?
Orion Accounts Payable
How is the “Difference” Field in Bank Reconciliation Calculated?
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