Greetings, @Elsie7. 

It's great to see a new face joining in on this thread. 

I can see how beneficial this would be for your business. However, you can send feedback to our Product Developers so they can consider this in the near future. 

Check out the Blog site to keep up with what's new in the system.

Feel free to reach back out if you have any other questions or concerns. We're always here to have your back. Have a great day! 

Hi there, I missed putting the Finance Charge before I started reconciling the account. How do I enter the finance charge after that screen? I'm in the Chart of Accounts, but what is the correct way to enter it? 

Thank you!

It's great to see you here in the thread, @Grif1. I'll share some details to help you enter the finance charges so you can reconcile your business account in QuickBooks Desktop (QBDT).

Since you've already started reconciling your account, you'll want to undo the entire reconciliation process. This way, you can start from the top and have the finance charges added to the bank account that you wish to reconcile. I'll gladly input the steps below so you can proceed. To begin, here's how:

1. Access your QuickBooks Desktop company file.
2. Go to the Banking menu, and then choose Reconcile.
3. Click the Undo Last Reconciliation button.

Once done, you'll want to repeat the reconciliation process and ensure to enter the needed information including the finance charges.

For more information about reconciling an account in QBDT, feel free to visit this article: Reconcile an account in QuickBooks Desktop.

In addition, I've got you this helpful article in case you encounter issues along the process of reconciling your business account: Fix issues when you're reconciling in QuickBooks Desktop.

You can also check this page to learn more about closing books: Close your books in QuickBooks Desktop.

@Grif1, Thanks for dropping by here in the Community. If you have any additional QuickBooks-related concerns or need help performing specific tasks inside your company file, feel free to leave a comment below. I'll make sure to get back to you as soon as possible. Stay safe, and have a nice day!

when I reconcile my line of credit account and use the "finance charge" area for the interest charged, it does reconcile but the beginning balance the next month is always off by the interest charge.  what the heck is going on?  I have the same problem with American express, next month beginning balance is always off by the interest charged after I reconcile

I come here for an answer, not to read a half hour of pontification on some video.  Her question was simple and I'd like to know the answer also since I'm carrying forward on loans, an interest charged rate from month to month.  It does reconcile when I add it to the finance charge area but then the new balance is not correct for the next month.  This should be simple, I should be able to add this to the charges and cash advances side of the reconcile area but No..quickbooks has to make a simple debit/credit process into some big deal.  Can you please just give me a step by step way to charge interest to a a loan account in desktop .  You know we tried the online version and although it has some good features, it's just not for a professional office or a construction office.  Please stop trying to sell something that doesn't work for everyone.  One size does not fit all.  Now about my interest charge problem.  

Hello Carolexx,

I appreciate you reaching out and sharing detailed information about your issue. Allow me to chime in and lend a hand with charging interest to a loan in QuickBooks Desktop.

QuickBooks records the interest payment as a company expense. I've reviewed the account you're using for the interest, and the account type is correct. 
 

It may be possible that you're having issues with the reconciliation because of your process of recording interest charges. We recommend recording loan payments together with the interest charge and not separating it from each other (see screenshot below). 

We have an article on how to set up accounts for loans and how to track them manually in QuickBooks Desktop for Windows. For the step by step process and some visual reference, I recommend checking out this link: Manually track loans in QuickBooks Desktop.

Also, when you reconcile an account, the difference between the two records should be $0.00. I've attached an article you can visit to learn what to do if your accounts in QuickBooks Desktop don't match your bank statements at the end of reconciliation: Fix issues when you're reconciling in QuickBooks Desktop.

Let us know if you still have more questions about recording interest charges or account reconciliation by leaving a reply. We're available 24/7 to lend a hand. Take care, and have a great rest of the day.

Thank you for taking the time to answer but I have been reconciling bank accounts and credit cards now for three years without a problem and always with a "0" balance and I enter everything manually.  The problem I am having this year is specifically with an American Express credit cards.  I post all the transactions and the transactions and payments reconcile with the statement.  However, when I put the check mark next to everything, the reconciliation is always off.  If I use a journal to correct it, doesn't matter, next month's reconciliation will begin with a wrong beginning balance.  Every Month!!!  I think it has something to do with the "pay over time portion" on the credit card.  Please help.  Right now I'm adding the discrepancy to the interest and balancing but if someone can help with the problem, I can go back and re-reconcile.

I appreciate you taking the time to post here in the thread.

It seems you posted a relevant question that my colleague 

Adrian_A answered. If you haven't received notification yet, please refer to this link for her response: https://quickbooks.intuit.com/learn-support/en-us/reports-and-accounting/re-amex-credit-cards-pay-ov....

For additional QuickBooks-related concerns, don't hesitate to post them here in the Community. We're always available and willing to lend a hand to your queries. Have a great day ahead.