Add Bank Balance and Uncleared Transactions from the Prior Financial Year
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To manually add the beginning bank balance and uncleared transactions from the previous financial year, click Banking in the sidebar.
Click Bank Account Details to the right of the bank account.
Enter the statement balance at the beginning of the financial year. This should be taken directly from the bank statement.
Click Add Uncleared Deposit or Add Uncleared Withdrawal to enter outstanding deposits or withdrawals from the prior financial year that did not clear the bank by the start of the new financial year.
Note that entries made in this section do not affect current year numbers. They are placeholders for reconciliations in the new financial year. It is most transparent to enter the bank statement opening balance, which is easily verifiable, and then enter any known outstanding items to arrive at a true starting balance for the year.
For uncleared deposits: Enter the date, reference information, details, and the amount. Continue to do this for every deposit that had not cleared the bank by the last day of the financial year.
For uncleared withdrawals: Enter the date, check number or reference information, who it was paid to, and the amount.
When finished adding uncleared transactions, click Save.
How do I “write off” out standing deposit that we never collected?
Hi Alex… It looks like that deposit has been hanging around for a while. In your 2020 year click on banking and then click on edit next your account. From there you scroll down a bit and there you will see where you can delete that deposit. When you do that, you will then see if your look down futher on that same page, that your MoneyMinder balance at the beginning of financial year will also decrease by $40.
Please let us know if we can help any further.
Warm regards,
Julie
I have a reimbursement check from the 2024-2025 school year that was carried forward as an outstanding check for the 2025-2026 school year. The check was dated 4-29-25 for $22.00.
The check still has not cleared the bank (as of June 2026). How long do I need to keep this on my books? It it can it be written off, what is the process? Is there a different process I need to go through for this check?
Hi Melissa,
If you don’t think that check will ever be cashed, then use this process to correct your books: How to handle Stale checks from prior financial years https://moneyminder.com/knowledgebase/stale-checks-prior-financial-years/