As we don’t live in a perfect world, the bank reconciliation isn’t going to be perfect every time. Therefore it is necessary to create adjustments to ensure the bank’s records balance against the records in Wise Owl Legal.
We use the functionality of an adjustment in the Bank Reconciliation to deal with these scenarios. As with all trust transactions, once an adjustment has been finalised, you cannot change the adjustment. You can however reverse it if necessary.
For specific situations, select the links below or see the general information about how to enter a new bank adjustment underneath the links.
I have entered the Trust Receipt after the end date on the bank reconciliation
To enter a new Bank Adjustment, select the black Enter Adjustment button on the bank reconciliation screen.
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