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B
benita11
March 10, 2019
Question

Reconciliation discrepancy

  • March 10, 2019
  • 2 replies
  • 0 views

my "beginning balance" is way off after I have made MANY corrections (mostly from credit card payments incorrectly entered throughout the year)
I have checked the fix a beginning balance alert and all the "deleted" items seem to have been added back and "R" in the register. I do not know any way to get the reconciliation done. Seems like I am going to have to go line by line through the entire year with bank statements.

 

2 replies

M
Malcolm Ziman
Level 4
March 10, 2019

Is there a balance in the "Reconciliation discrepancy" Other Expense account on the P&L?

J
Joyce_P
March 11, 2019

Hello there, benita.

 

Reconciliation is done to make sure that your account accurately reflects your business transactions. I'd encourage reaching for an accountant to help us resolve this for you.  Also, this is a great option to be assisted on how to make adjustment or correction with the reconciliation discrepancies.

 

For references, here are articles that you can read on: 

You can get back to the Community team if you need more help with your reconciliation discrepancies. We'll be glad to help.

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