You may have a variance due the following inconsistencies between your bank statement and your client account:

• Difference between the amount recorded on the bank statement and in LEAP.
• Client account transactions recorded on the bank statement were not recorded in LEAP.
• Client account transactions recorded on the bank statement were entered in LEAP after the statement date (including bank deposit slips).

You can add items and adjust the calculated balance as a temporary measure to reconcile the client funds account.

• Click Save For Later to save a reconciliation before completion and return to it later to continue with reconciliation.
• Never place an amount as an addition that isn’t directly related to an actual transaction on the bank statement to clear the variance.
• For any unknown/unidentified deposits, do not post the transaction to a matter called ‘Unknown Deposits’ (or similar). Instead, you can add the transaction as an addition until the deposit is identified and then you can match the deposit or create it on the relevant matter that you can reconcile later.
• Always review the transactions on the client account reconciliation to ensure that any outstanding entries are handled accordingly.
• Always have a partner review your month end final reconciliation and sign it off.
• Where possible, print all client account cheques and receipts directly from LEAP. This will mitigate the possibility of mismatching errors due to hand-written transactions.