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October 2, 2024
Question

If I change an entry for period prior to my bank reconciliation and replace it with an entry of equal value, will it change the Register Balance for that previous period?

  • October 2, 2024
  • 1 reply
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My auditor has looked back at some bank reconciliations and the register balance for that period no longer matches the register balance on my reconciliation report.  Subsequent reconciliations have always balanced, but the register balance does not match on those either at this point in time.  I am having a difficult time trying to determine the entries that caused the balance to change.  I know if I cancel or add a cheque or deposit or journal entry containing a bank entry and date it prior to the reconciliation,  it will change the register  balance.  Or if I void an entry that was created before the reconciliation.  I have on my auditors request last fiscal year, cancelled a couple of cheque entries and replaced them with Journal entries.  If they had already been reconciled, I manually reconciled them, and used the same dates as the original entries.  Could making this type of change in a different time period change the register balance?  To me, it should not matter until year end, but she wants to know the transactions that changed the balances.  I cannot think of a way to do this without doing an audit of every entry to ensure it was not created post reconciliation. We have a lot of entries!  Any ideas on an easy way to trace would be appreciated.

1 reply

October 3, 2024

Hi there,

 

Welcome back to the Community. Reconciliation can be a lengthy process and I'm glad you're using QuickBooks to help streamline this process. The program is designed to help you save time so you can do the things that you enjoy the most. I'll be happy to steer you in the right direction.

 

Based on what you've shared, I recommend getting in touch with an accounting professional for expert advice on how to proceed with the reconciliation. You can get in touch with a professional using this link here. Otherwise, I recommend you to check out these helpful resources with more info about reconciling in QuickBooks:

 

Let m know if this info helps. I'll be one message away in case you have other questions.