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Garrett5
Mar 1, 2020 10:36 PM UTC
Solved

How do I correct a reconciliation discrepancy from a discrepancy report that is blank??

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JamesMAnswer
Mar 2, 2020 5:33 PM UTC

Hi there, 

 

Reconciling your accounts can be a lengthy process. Don't worry, I got your back. I'll be happy to give you a hand with making sure you have a $0 balance.

 

Based on what you've described, you'll have to go through your reconciliation and make sure the transactions are matching your bank statements for that period. At the end of your reconciliation, the difference between the ending balance in QuickBooks and your bank statement should be $0.00. If there's still a difference, your accounts still aren't balanced. Here's how to fix it: Fix issues while you’re reconciling. 

 

I encourage you to check out the helpful resources below:

If you still have questions, please contact our support team using this link. 

 

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2 replies

Garrett5Author
Mar 1, 2020 10:45 PM UTC

Starting a new reconciliation month, its saying that my beginning balance is off. I made one transaction change in another account (savings), that related to this one (chequing), but also added a transfer back into the chequing for the same amount (albeit on a different date in that same month), so I don't understand why the balance is affected... I cannot continue now with reconciling until this is cleared up, and the reconciliation discrepancy report shows up blank for some reason, so I can't even begin to correct this! Ughh QB is so frustrating sometimes.

JamesMAnswer
Mar 2, 2020 5:33 PM UTC

Hi there, 

 

Reconciling your accounts can be a lengthy process. Don't worry, I got your back. I'll be happy to give you a hand with making sure you have a $0 balance.

 

Based on what you've described, you'll have to go through your reconciliation and make sure the transactions are matching your bank statements for that period. At the end of your reconciliation, the difference between the ending balance in QuickBooks and your bank statement should be $0.00. If there's still a difference, your accounts still aren't balanced. Here's how to fix it: Fix issues while you’re reconciling. 

 

I encourage you to check out the helpful resources below:

If you still have questions, please contact our support team using this link. 

 

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