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wsobolewska34
May 7, 2024
Question

reconcilation

  • May 7, 2024
  • 1 reply
  • 0 views

I wanted to reconcile for the month of April and everything matched to the bank statement except two customers each $25 however those transactions were from March and were already reconciled. So I didn't know what was going on. I decided to reconcile everything for march again. When I start reconciling everything that I have on quickbooks matches everything on my bank statement there is no extra transactions or missing transactions however it still shows -$50.00 even when everything matches. the cleared balance is $50 more than the statement ending balance. The only thing that probably went wrong was one of the clients had a double entry meaning there was two clients under different names that ended up being the same client so I deleted transactions on one and moved them to the other one and deactivated one account after I already reconciled for march 

1 reply

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IrizA
May 8, 2024

I appreciate your efforts in dealing with the discrepancies in your reconciliation, wsobolewska34. I'm here to share some tips about reconciling. 

 

When you reconcile your accounts and see some discrepancies, please know that deleting a transaction is crucial since there's a possibility that you can delete the entry that wasn't supposed to be deleted. Before making some changes, be sure to compare the bank statement. You can also reach out to an accountant for accurate results. 

 

Additionally, I'll share some resources that you can use whenever you have discrepancies while reconciling: 

 

 

Please know that you can still ask the Community whenever you want some clarification regarding reconciliation or anything related to QuickBooks. We'll be glad to help you out. 

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