When preparing for the conversion to Centerbase accounting, along with a journal entry of the general ledger beginning balances, another journal entry should be created for all outstanding items in each bank and credit card account.
A debit should be created for each outstanding deposit and a credit for each outstanding check/charge, then a balancing debit or credit, whichever is the case, should be added for the total of the outstanding items.
On the first bank reconciliation, the bank account beginning balance recorded by journal entry and the total balance of the outstanding items (Line 7 above), should both be checked off as cleared.
As the outstanding items clear the bank, they should be check off as they would be for any other cleared item.
Because the debits and credits are all within in the same bank account, the general ledger bank account balance will not affected.
Please reach out to email@example.com if you have any questions or want further information regarding the first bank reconciliation after accounting conversion to Centerbase.