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C
Chris97277
April 2, 2024
Question

Bank Reconciliation

  • April 2, 2024
  • 1 reply
  • 0 views

Going to try to make this a long story short. Started at a new firm and the bank recs have not been done ever since we got imported into QB online back in 10/2022. The issue I am having is that all of the imported data into QB online for our bank acct does not match the ending/beginning balance of our bank statements from that month at all so I am trying to figure out how to reconcile October 2022 and match the ending balance on our statement since the beginning balance is wayyy off. Of course our books are closed for 2022 so would I need to make a JE this year Dr. Reconciliation Discrepancies Cr. Bank Account? 

1 reply

Candice C
Candice C
April 2, 2024

Good afternoon, @Chris97277. 

 

It's great to see a new face here in the QuickBooks Community. 

 

With the information you gave, I recommend consulting your accountant to be sure. They'll be able to give you the best advice for your business and which actions need to be taken to resolve this problem with the beginning balances. 

 

Keep us updated on how the conversation goes with your accountant. I'll be right around the corner. 

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