Have a US and CDN bank account in SA.  The US account has a large credit.  I have been trying to balance the bank statements to the account balance in SA but I don't understand the large credit balance on the books.  When I ask the accountant they claim they do not use SA numbers they prepare a bank rec at the end of the year and use that? 

I suspect for a long time there have not been any posting done in SA to adjust the books, not even sure at this stage what has been done each year to close the expenses to RE. 

If I was to balance the two bank accounts and prepare adjusting entries in SA would the other side of the entry be RE?

I would suggest that when you make the entry , the other side of the entry should be posted to an expense account called adjustment acct. and make a note to the accountant at the end of the year telling them that this account represents the difference in the US acct versus the real amount.

One other thought, if you are using the bank rec journal to reconcile, then it could be that the program made an adjustment for a discrepancy when you first set up the bank rec. This was  a problem when converting to newer versions in Simply at one time. If the balance sheet amount is correct than the best thing to do would be to reset the bank rec journal and set up from scratch. This will help to eleviate the problem .

Angie