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Current Account Balance Discrepancy

The closing balance of my bank account (at the end of the period) does not match the opening balance (at the beginning of the period).

Written by Lenka Haringerová

First, check whether all bank documents have been posted correctly.

We also recommend comparing the account balance (221001) against the bank account balance (using the Totals function in the bank agenda) month by month.

The opening balance for the following period is derived from the opening balance of account 221 (not from the bank account), which may carry a different balance due to incorrect posting.

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