The Reconcile & Reset function does a journal to zero out all the account balances for the selected Organisation, and creates a bank reconciliation as at the Effective Date entered to reconcile all unreconciled transactions. It also verifies any unverified bank reconciliations with a Variance of $0 that may exist. This is usually done when a church is transitioning from an "Income Summary" to an "Income Detail" church, or has not used ACAS for sometime and it would be easier to start with a clear ledger.
Note, if a future period has transactions posted in it e.g. an eGiving transaction, a Reconcile & and Reset cannot be done. You will be alerted if there are transactions when you go to the Reconcile and Reset screen.
| 1 | Make sure the Current Period is closed. | ||
| 2 | Go to the Admin menu, then click Reconcile and Reset. | ||
| 3 | Select the effective date Effective Date that you wish to reset the entity to. This should be dated after the last period that was closed. | ||
| 4 | Click Reset. | 5 | Clock , then click OK to confirm. |
| 6 | Then Re-open the Period After re-opening the period it is advised that you checkCheck the Trial Balance report to ensure that everything has been reset to zero |
...
as expected. | |
| 7 | Check the Bank Reconciliations to ensure they have been cleared to zero as expected. Verify any that require it. |
| 8 | The opening balances can now be entered via a Journal Entry, and transactions entered as per usual. |