Question

Credit Card Account Reconciliation

Forum|Forum|2 years ago
December 14, 2023
1 reply
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I made a payment for the month on our credit card before I received the statement. I had online access to the credit card transactions to download before the statement was issued and all transactions were there and matched to my receipts. Obviously one was pending and didn't meet the cutoff for the statement. I hesitated but made the payment for the total of these receipts to get it done as the CC company is very sneaky applying interest charges. Long story short, when I received the official CC statement the ending balance is different. I haven't completed the reconciliation in QB online, but have made the payment for the larger amount out of my bank account--the difference is one pending transaction of only $6.64. How do I do this reconciliation in QB now? It won't match my bank statement. Thanks.

QuickBooks Online

J

JamesM4

Hello curator1,

Welcome back to the Community. Glad to learn you're using QuickBooks to help tackle your account reconciliation goals. The program is designed to help you save time so you can do the things that you enjoy. I'll be glad to share more information about reconciling your accounts.

Based on what you've shared, I suggest getting in touch with an accounting professional for expert advice on how to handle the transactions. This ensures that your transactions are recorded correctly, allowing for your reconciliation process to be seamless. If you're not in contact with a professional, you can search for one using this link here. Otherwise, I encourage you to check out the article linked below as it provides a step-by-step workflow for successfully reconciling your accounts: