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June 23, 2021
Question

Bank Reconciliation

  • June 23, 2021
  • 1 reply
  • 0 views

Can I reconcile mid-month to get a jump on month-end and then reconcile again at month-end?

 

1 reply

June 23, 2021

Yes, you can, MJManzi511. 

 

When reconciling, you compare your bank statement to what's in QuickBooks for a specific period. You'll have to ensure everything matches. Also, the difference between QuickBooks and your bank accounts should be $0.00.

 

If you want to reconcile mid-month, make sure your bank's statement also ends mid-month. This is to ensure the statement and QuickBooks match to get the ending amount down to $0.00.

 

I'd suggest checking this article to help you with the process: Reconciliation Workflow.

 

In case you'll encounter reconciliation discrepancies in the future, run a Previous Reconciliation report. This will help you fix the issues. To get more info and narrow in on specific details, customize the report.

 

I'm only a few clicks away if you need further assistance with reconciling your accounts. It's always my pleasure to help you out again.