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 🤓
Steps to fixing 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 💡
Have you been using QuickBooks for a while, but when you pull a report you just don’t understand what it’s saying?
Does the idea of going to see your tax professional sound a little stressful and maybe cause you to feel like you want to pull your hair out?
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