Showing results for 
Search instead for 
Did you mean: 
Level 1

How do I write off a discrepancy

I have an extra $1.22 in the bank account than I have when I reconcile in Quickbooks. How do I write this off?
1 Comment 1

How do I write off a discrepancy

Hi info1751,


You can transfer the amount to a petty cash account or create a transaction amounting to $1.22 if it is showing on your bank statement. The transaction you'll be creating will depend if it is a money or money out. If not, you can delete the transaction. 


For your reference, you can check on this article: Enter an adjusting entry for a reconciliation in QuickBooks Online


Feel free to message us back if you need any help. Have a nice day!