Limited time. 50% OFF QuickBooks for 3 months.

Buy now & save
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Get unlimited expert tax help and powerful accounting in one place. Check out QuickBooks Online + Live Expert Tax.
mpoole1971
Level 1

I problems with previously reconciled checks showing up in new bank reconciliations....

 
Solved
Best answer July 22, 2020

Best Answers
SashaMC
Moderator

I problems with previously reconciled checks showing up in new bank reconciliations....

Welcome to the QuickBooks Community, mpoole1971. When reconciling accounts, compare transactions with your bank statement so that the difference between the records should be $0.00. If this is not the case, I have a few ways that could correct the problem.

 

First, make sure your opening and beginning balances are correct.

 

Second, look for changed, deleted, or added transactions. There are reports like the reconciliation discrepancy reports, running a missing check report, and a transaction detail report to see what could potentially throw the balance off. Use this article for the instruction to run these reports.

 

If you need to modify transactions that have been reconciled already, you may need to do a mini-reconciliation. This method should be used if you know the ending balance for the most recent reconciliation. With this, you will be able to fix transactions in a bank account and credit card account as well. The guidance of an accountant is always recommended when doing this.

 

Third, review the accounts to make sure no inaccurate adjustments were made. Once doing that, finish reconciling and examine the report.

 

Let me know if you need additional assistance or clarification. The Community and I are ready to help always. Keep me posted and take care.

View solution in original post

1 Comment 1
SashaMC
Moderator

I problems with previously reconciled checks showing up in new bank reconciliations....

Welcome to the QuickBooks Community, mpoole1971. When reconciling accounts, compare transactions with your bank statement so that the difference between the records should be $0.00. If this is not the case, I have a few ways that could correct the problem.

 

First, make sure your opening and beginning balances are correct.

 

Second, look for changed, deleted, or added transactions. There are reports like the reconciliation discrepancy reports, running a missing check report, and a transaction detail report to see what could potentially throw the balance off. Use this article for the instruction to run these reports.

 

If you need to modify transactions that have been reconciled already, you may need to do a mini-reconciliation. This method should be used if you know the ending balance for the most recent reconciliation. With this, you will be able to fix transactions in a bank account and credit card account as well. The guidance of an accountant is always recommended when doing this.

 

Third, review the accounts to make sure no inaccurate adjustments were made. Once doing that, finish reconciling and examine the report.

 

Let me know if you need additional assistance or clarification. The Community and I are ready to help always. Keep me posted and take care.

Get answers fast!
Log in and ask our experts your toughest QuickBooks questions today.

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up