When doing your first reconciliation in the Ledger module, you'll most likely have transactions on your bank statement that appeared in your previous accounting system but not in Church360°.
To account for these, you'll adjust the starting balance for the initial reconciliation to allow the ending balance to coincide with the transactions that are available.
- For transactions that increase the bank account's total, like deposits, you will want to add those totals to the starting balance.
- For transactions that decrease the bank account's total, like payments and checks, you will want to subtract those amounts from the starting balance.
For example, if a bank statement has a starting balance of $400, with $75 in checks/payments, and $100 in deposits not found in the Church360° system, the starting balance would be adjusted to $425.