EOFY and Reconciliation
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I have a total amount of $46.32 from 13/7/20 and the supplier decided to treat as samples.How do I retire this debt without affecting my stock and bank balance?I believe the solution is a journal, but I dont know how to do itAny help?
Client has PayPal connected via bank feeds. Bank account has been reconciled and transfers all seem correct. My PayPal wont balance through. There is 3000 transactions per month so its a lot of work to go through it one by one. Ive taken into account Chargebacks.. Help! Does anyone have any shortcuts? Which Paypal report do you reconcile to?
We started accounting with QB online since the beginning of the company so the Bank account starting balance in the balance sheet was zero. However when I try to use the reconciliation tool, it shows an starting balance of negative -2080.25, I reviewed the account history/view register and did not find any opening balance transaction. I tried to create a journal any to define the opening balance, but when I go back the reconciliation tool it just adds to the original negative number, it does not replace it.As a consequence I cannot reconcile the bank account using this reconciliation functionality as does not matter if I match reconcile and match all the transactions, leaving the balance sheet with the right numbers, there is always a difference in the reconciliation tool driven by this -2080.25 that are nowhere to be found in any transaction. Could you please help me out to solve this?
