All suggestions

GET rid of Suspense in bank reconciliations

1 votes

Suspense should not exist on a bank reconciliation. the item is either a uncashed check/ outstanding check or a deposit in transit. why would there be a adjustment to the bank reconciliation that is not reflected on the General Ledger (suspense). It creates room for errors to accumulate, Sincerely a CPA, RIA, and CFA Level 2 candidate.

Not planned Suggested by: unsatisfied with MIP accounting • Upvoted: 26 Oct, '23 • Comments: 1

Comments: 1