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An Account Reconciliation is a tool used to flag that an accounting transaction has been verified as correct and that the balance of the general ledger account should be increased or reduced by that amount.

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IMPORTANT NOTE: There is a bug here because if the transaction is posted before the account reconciliation takes place then the accounting transaction keeps re-appearing in the account reconciliation screen. This means that you can create multiple account reconciliations for the same entry....which shouldnt be the case..... Do you need to switch off the automatic posting to the GL if the transaction hasnt been reconciled?????

Another potential issue is that the reconciled balance field of the general account doesnt add up - it seems to just use the value of the last accounting transaction. Should the reconciled balance field keep track of the running total of the general ledger account a bit like the trial balance ????

What is it used for?

To do

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