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userfali
September 27, 2021
Question

bank reconciliation

  • September 27, 2021
  • 1 reply
  • 0 views

Hello 

 

I few confusions that  I want to clear up with help pf my QuickBooks expert friends. 

I have reconcile for the month of August 2021.  

Register balance as of 08/31/2021           211,672.77 . This is register balance as of  AUG 31 .

This balance matched with Balance Sheet Balance if run till August 31-2021 . 

I have another balance in the report as well -

Register balance as of 09/16/2021          176,352.41. This is the balance of  September 16 when  I  closed/finished the reconciliation  for the  August 2021 . This is register balance as of sep16 

 

Now, when I  run Balance sheet today and select the date September 16 . The balance does not matched with Bank Reconciliation report. it is actually  40,000 more than 176,352.41. 

 

From sep 16 to sep 27 i have done  deposits and withdrawals. 

 

Does the balance should be matched or Not when i run the Balance sheet and put the  date as of Sep 16 th . 

 

Please let me know 

 

thanks 

Farzana 

 

 

 

 

 

1 reply

J
JamesM4
September 27, 2021

Hello Farzana,

 

Welcome back to the Community. Great job on starting the reconcile process. QuickBooks is the go-to program that allows you to keep track of your transactions. I'll be happy to steer you on the right path so you can get back to doing what you love. 

 

It's essential you reach out to your accountant for expert advice on how to proceed with reconciling the credit card account. If you're not in contact with one, don't worry,  you can simply search for one on our website using this link here. Otherwise, I suggest browsing through these helpful resources with info on how to reconcile in QuickBooks:

 

I encourage you to go through the articles above as they provide helpful information that helps you complete your reconciliation with ease. If you have questions, don't hesitate to reach back to me. I've got your back. 

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