Have you ever reconciled one month ✅ and then the next month your “beginning balance is off”… 🤷🏻‍♀️

Why does this happen? When you “reconcile”, QB is matching your bank statement to what you entered into QuickBooks. If you edit, change or delete a transaction after you reconcile, it changes it and can mess up your previous reconciliation. 

It’s common to think you need to “unreconcile” to fix the issue. I prefer to adjust a current reconciliation to keep from opening a can of worms 🤓

If you’re looking for the Desktop version of this video click here

Steps to fix bank reconciliation discrepancies in QuickBooks Online:

  • Go to “Accounting”
  • Chart of Accounts
  • **You might have deleted a transaction or R is clicked Off in the trasaction
  • Click “We can help you fix it”
  • You will see the Reconciliation Discrepancy Report
  • Check what was the last Statement date
  • **Grab your Statement
  • Add Ending Balance and Ending Date
  • Find transactions and checkmark
  • Make sure the difference is Zero
  • Click “Finish Now”

 

Share in the comments below if this helped you and if you had any ah-ha’s 💡

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