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 checked 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.
NOTE: This article only applies if you had Centerbase perform (or you manually performed) an opening balance on your various accounts. If a full history GL import was performed by Centerbase, they will typically perform your first reconciliation for appropriate accounts based on reports provided by you showing the last reconciled balance and uncleared transactions.