Calculated Balance Reconciliation Type

This reconciliation type is used when you have a detailed calculation that supports the general ledger balance that is in the account. This type of reconciliation prompts you for the amount that you have calculated with an explanation of the basis of the calculation and the balance in your general ledger, then allows you to list any reconciling items. The most likely accounts to use a Calculated Balance reconciliation are:

• Allowance for Doubtful Accounts - this is the most common account that would use this type of reconciliation. There is usually a calculation made to determine the amount of the allowance that should be recorded. The General Ledger balance is then compared to that calculation.

You can click on the link to see an example of the reconciliation.

Each Reconciliation Type has its own unique reconciliation report. Click here to go to the Calculated Balance Reconciliation Report to see what shows up on the end of the month report.

Each Reconciliation Type has its own specially designed input form. Click here to go to the Calculated Balance Input Form.