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July 13, 2023
Question

Is there a difference in bank rec after it is completed correctly without any difference

  • July 13, 2023
  • 1 reply
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there is a difference in bank rec after if was completed without any difference.  why does this happen?

1 reply

July 13, 2023

Hi there divya-kooiman-ca,

 

It's important that all your transactions are correctly entered for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you know the profit of your company. I can provide some information about reconciling your accounts. 

 

The first thing I recommend is checking to make sure that your opening balance for the specific reconciliation is correct. If the opening balance is incorrect, then it would be a prior period that is incorrect. Here are a few articles that can assist with issues happening during the reconciliation process as well as articles about the reconciliation process in general:

 

If you have any other questions, feel free to reach out here.