Sage 50 displays this window when you select the Beginning Transactions button in the Account Reconciliation window. Beginning transactions provide a way to account for transactions made prior to starting Sage 50 that have not yet cleared the bank (not appeared on the bank statement). They are primarily used to resolve unreconcilable differences during the first account reconciliation. Future account reconciliations should, in theory, display all transactions entered in Sage 50 that need to be cleared.
Note: Beginning transactions are not posted to the general ledger. They are used only when initially reconciling an account. Once you have reconciled an account in two or more periods, the beginning transactions should be cleared.
The toolbar at the top of the window contains the following buttons: Cancel, OK, Row, and Help.
Beginning transactions should include all the following criteria:
During the first account reconciliation, beginning transactions must not be cleared but must remain outstanding. These outstanding transactions will adjust the Sage 50 Unreconciled Difference to zero (0.00). Later in the second or future reconciliation, clear these transactions, which will allow you to balance your account.