Occasionally there are issues
that don't easily fall into the patterns of reconciliations that
are set up in RecWizard. That
doesn't mean there is no way to do the reconciliation, you just
may have to think creatively about how to handle the problem.
In this section we will review
methods you can use to solve these problems. As you will see,
there are ways to handle many complex reconciliation issues if you
think creatively about how to address the problem.
If you come up with unique
reconciliation problems, or creative ways to solve your challenge,
please contact us. We'll add your solution to our tutorial so
others can benefit from your perseverance and problem solving
The following index briefly
describes some reconciliation challenges. You can then click on the link to
go to the detailed solution.
Import General Ledger
Balances - if you are reasonably computer savvy and want to
speed up the entry of your Period End Balances into RecWizard,
we have provided a tool to let you electronically import that
information. Click here to Import GL
Prepaid Taxes - normally you
receive the tax bill in advance of your amortization period. This
allows you to set up the amortizable item before the actual
amortization period begins. Sometimes you have a situation where
the tax bill doesn't come in before you begin the amortization
period. Click here to see the solution for the
Tardy Tax Bill Dilemma.
Multiple Entities or Companies - if you
have several different companies that you are preparing
reconciliations for, you may want to set up separate databases
for each of those entities. Click here to see how to set up
multiple databases and access them if you're a
Multiple Entity User.
Period Ends are not Calendar
Month Ends - some industries have come up with their own way of
identifying accounting periods that is different that the
traditional Julian calendar. If you're in one of these
industries you will recognize the terms "5 - 4 - 4" or "13 -
4's" or "4 - 5 - 4". Usually your period ends are always the
same day of the week - Saturday or Sunday. These
"non-traditional" period end dates can easily be handled by
RecWizard. To see what you need to do differently, go to the
solution for Odd Period Ends.
Types - if you want to change the reconciliation type for an
account, review the instructions on the
Types page of the tutorial.
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