My bank account was fine. Opening balance in January 1 2023, and I did Reconcile up to 09/30/2023 with matching balance in real bank statement and QuickBooks. Suddenly a difference comes up that I can't reconcile 10/31/2023 the same difference goes b

Hi there, SALMA1FARAJ.

I understand the importance of ensuring that your real-life bank statements match your QuickBooks accounts. I'm here to assist you with your reconciliation concerns.

During the reconciliation process, you compare the transactions in QuickBooks with the ones on your bank statements. Ideally, the difference between the two records should be $0.00. However, if there's a discrepancy or the ending balance has changed since a previous reconciliation, I can guide you on identifying and resolving these issues so you can complete the reconciliation.

Here are the possible reasons for ending balance issues:

• Incorrect ending balance at the start of the reconciliation.
• Edited or deleted reconciled transactions.
• Missing or duplicate transactions in QuickBooks.
• Entered transactions that haven't cleared the bank yet.
• Adjustments made to the last reconciliation with a journal entry.

To begin resolving any problems, I recommend reviewing your opening and beginning balances. Then, carefully examine previous reconciliations and transactions to identify discrepancies or unfamiliar entries. Once you've confirmed they're accurate, proceed by checking for any changed, deleted, or added transactions. You can refer to this link to learn which reports to run to identify any changes to the transactions.

Moreover, look for reconciliation adjustments which could've been done to force an account in QuickBooks to match bank records.

To ensure that no inaccurate adjustments were made, follow these steps:

1. Go to the Lists menu.
2. Click Chart of Accounts.
3. Open the Reconciliation Discrepancies account.
4. From the Dates field, set dates for your last few reconciliations.

If you encounter any adjustments that have affected the account balance inaccurately, reach out to the person who made the adjustment. Make sure that your corrections do not conflict with the adjustment. Once everything has been rectified, you can proceed with completing the reconciliation.

If you're unable to identify any issues in your accounts, it may be necessary to undo the previous reconciliation until the opening balance is correct. Furthermore, there might be instances where transactions you've previously reconciled unexpectedly appear unreconciled. To assist you in resolving this issue, please follow the guide provided in this article: Reconcile previously deleted and re-entered checking or credit card transactions.

Here's a helpful guide on running reconciliation reports for future reference: Get reports for previous reconciliations in QuickBooks Desktop. These reports are valuable resources that can assist you in identifying discrepancies and resolving any issues that may arise during the reconciliation process.

If you require additional guidance or have any further questions regarding account reconciliation, please don't hesitate to leave a reply below. I'm here to provide assistance and support. Take care and stay safe!