If you balance and answer ‘Yes’ to the message 'Do you wish to update The Bank Balance' all reconciled items will clear and the Bank Account Opening Balance will be rolled over.
At month end this exercise should be progressed until the Bank Reconciliation is fully reconciled and the bank Reconciliation Report has been produced and checked.
The Bank Account ‘Statement Balance’ and the Bank Account ‘Actual Statement Balance’ should agree. Also the Bank Account closing ‘Cashbook Balance’ and the General Ledger ‘Closing GL Balance’ should agree.
Once complete & signed off return to the Bank Reconciliation screen, after you select Ok and answer ‘Yes’ to the message 'Do you wish to update The Bank Balance'.