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Nicolet31
July 13, 2023
Question

Mini Reconciliation

  • July 13, 2023
  • 1 reply
  • 0 views

I have a group of checks that I need to reconcile from last year when trying to do a mini reconilation I'm following these steps

Entered 7/13 as my date.

Selecting the ending balance that is june's bank statement balance.

To fix transactions in a bank account, follow these steps:

 

  1. Go to the Banking menu and select Reconcile.
  2. Choose the bank account with the transactions you need to reconcile.
  3. In the Date of Statement field, enter the date for an "off-cycle reconciliation." Please take note that when you enter an "off-cycle" date, QuickBooks will remind you that you're doing a mini reconciliation. This puts previously unreconciled transactions back without affecting the "cycle" that they follow.
  4. In the Ending Balance field, enter the balance of your last successful reconciliation and select Continue.
  5. From the Reconcile window, check off the transactions you are fixing and re-reconciling.
  6. Make sure the Difference field shows $0.00.
  7. When everything looks good, select Reconcile Now.

I never get a message stating that I'm doing a mini reconciliation? My Difference field is showing the amount of the checks that I have selected it's not showing up $0.00reconcilation

Any help in this case?

1 reply

Nicole_N
Nicole_N
July 13, 2023

Hello there, Nicole. I'll share information about performing a mini reconciliation in QuickBooks Desktop (QBDT).

 

The reason why you're not getting the message is because you entered a current date. It should be an off-cycle date between your last reconciliation and the next scheduled one. 

 

For the Ending Balance, make sure to enter the balance of your last successful reconciliation. An accurate recording is important since this will affect your current balance. Once you identify the correct numbers to enter, perform the steps again. 

 

I'm adding this article to learn other troubleshooting steps when you encounter issues reconciling your current transactions: Fix issues when you're reconciling in QuickBooks Desktop. 

 

Keep me posted on how it goes. I want to ensure that this is taken care of. Take care always.

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Nicolet31Author
July 13, 2023

Ok so my bank Reconciliation ending date is 7/02/23 

I'm entering the date of 7/13/23 wouldn't this be an off-cycle date? 

Angelyn_T
Angelyn_T
July 13, 2023

Thank you for your quick reply, Nicole. I'm joining the discussion to add more insights about mini-reconciliation.

 

I can see that the affected transactions are still from the previous year. An off-cycle reconciliation date can be any day between your last reconciliation and the next scheduled one. If the checks are reconciled from 2022, you can input the date from that year, given that it's within the time frame stated.

 

You can read this article to learn more about special reconciliation: Reconcile previously deleted and re-entered checking or credit card transactions.

 

On the other hand, you may also consider closing your books to ensure everything stays the way you want it to. It also prevents any unintentional adjustments from affecting your financial reports.

 

If you have follow-up questions about the mini-reconciliation process, let me know by leaving a reply below. I'm always here to help. Have a great day!

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