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March 31, 2021
Question

I am trying to reconcile my account for the first time and I have a huge difference in what my bank says and what Quickbooks says. How can I fix this? Can I adjust?

  • March 31, 2021
  • 1 reply
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If I can make an adjustment, how do I do that?

1 reply

Candice C
March 31, 2021

Good evening, @snellagaviation

 

Congrats on making your first post here in the Community. I appreciate you coming here with your question about reconciling. 

 

There could be many reasons as to why you're balance is off for your first reconcile. Here are a few: 

 

  • Opening balance
  • Duplicating transactions
  • Missing transactions
  • Wrong amount for particular transactions

 

With this situation, you'll need to review your account thoroughly. Comparing QuickBooks to your bank statement will help. However, here's an article that can properly guide you on these steps: Fix issues the first time you reconcile an account

 

The steps in this link should do the trick. If you still need help, don't hesitate to ask. I'll always be around to help. Wishing you and your business continued success!