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My checking account balance is the same in Quickbooks as it is in my bank but I can't get the account to reconcile. Any suggestions?

 
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Re: My checking account balance is the same in Quickbooks as it is in my bank but I can't get the account to reconcile. Any suggestions?

Just because the today balance in QB and at your bank are equal means nothing. You could have transactions at the bank you forgot to enter in QB or you have QB transactions not yet passing through the bank.

 

Reconciliation is process of checking off every and only transactions that appear on end of month or period statement from the bank. If an item is not on the statement don't mark it cleared, if an item is on statement but not in QB add it. Beginning balance plus and minus all cleared items equals ending balance. It is as simple as that

Established Community Backer ***

Re: My checking account balance is the same in Quickbooks as it is in my bank but I can't get the account to reconcile. Any suggestions?

Unclear everything.  If something shows as cleared still it means you marked cleared something after the statement end date. Now check them off just one by one until done. Remember it is 2/28 ending balance  not 3/30 daily balance you have to match to

Active Member

Re: My checking account balance is the same in Quickbooks as it is in my bank but I can't get the account to reconcile. Any suggestions?

Thanks John, "Remember it is 2/28 ending balance not 3/30 daily balance you have to match to"  Is that true even if I set the reconciliation end date as 3/30/19?