I'm new to this forum and have tried a few times now to ask my question. As I don't see it listed and I keep getting asked to sign in and change passwords, I'm hitting reply here as my question is along the same line. I hope this works! I've made entries under Banking/cc entries. The entries are shown in the P/L statement. I'm wondering why they are not reflected on the BS/chequing balance. I thought the answer might have something to do with reconciling but in reading above I see that reconciling doesn't affect the P/L and BS. That is my first issue and 2nd I'm wondering what the reconciling process does and do I need to do? Thanks!
