reconcile

Hi, @dmufeed2. I know how important it is for you to get a difference of zero. I'm here to help and provide you with several ways to fix it.

To clear the difference into zero, I suggest checking the beginning balance of the reconciliation. From there, you'll be able to see if all transaction and information you entered is correct.

To do that, you can refer to this article: Enter opening balances for accounts in QuickBooks Desktop. 

Once you know these are accurate, start looking for other issues. There are several reports in QuickBooks that show you if anything has been changed, deleted, or added. Let's check the discrepancy report to see what's causing this error.

1. From the Reports menu, select Banking, then Reconciliation Discrepancy.
2. Choose the appropriate account, then select OK.
3. Review the report to identify any discrepancies.

If you're able to find the transactions that are the reason for this issue, please go to the Audit Trail Report to see the transaction's history details. Check out this article for reference: Fix Reconciliation Discrepancies.
 

I'm also adding these articles to learn what to do if your accounts in QuickBooks don't match your bank statements at the end of reconciliation.

• What to do if the difference is not zero
• Fix issues when you're reconciling in QuickBooks Desktop

You can always get back to us if you have further questions when reconciling your account. We're always here to help. Keep safe and have a great day!

summary there are three things deposits, withdrawal s and check payments 

second point when i am reconciling dont i need to match all the transactions as the same as the statement. Or do i just match the payments and dont match the deposits

Hi my beginning balance equalled my statement. I have several points to ask about.

my bank statement have three parts deposits, check payments and withdrawals. I entered all of them manually into quickbook. should i enter them all or i dont need the withdrawals just check payments and deposits 

now when I reconcile shouldn’t I match all the transactions that matches my bank statement or should i match only payments and dont match the deposits.

also when i run a report descrepancy it doesnt show any errors even though the difference is not zero.

Hi my beginning balance equalled my statement. I have several points to ask about.

my bank statement have three parts deposits, check payments and withdrawals. I entered all of them manually into quickbook. should i enter them all or i dont need the withdrawals just check payments and deposits

now when I reconcile shouldn’t I match all the transactions that matches my bank statement or should i match only payments and dont match the deposits.

also when i run a report descrepancy it doesnt show any errors even though the difference is not zero.

Hi my beginning balance equalled my statement. I have several points to ask about.

my bank statement have three parts deposits, check payments and withdrawals. I entered all of them manually into quickbook. should i enter them all or i dont need the withdrawals just check payments and deposits 

now when I reconcile shouldn’t I match all the transactions that matches my bank statement or should i match only payments and dont match the deposits.

also when i run a report descrepancy it doesnt show any errors even though the difference is not zero.

Hi my beginning balance equalled my statement. I have several points to ask about.

my bank statement have three parts deposits, check payments and withdrawals. I entered all of them manually into quickbook. should i enter them all or i dont need the withdrawals just check payments and deposits 

now when I reconcile shouldn’t I match all the transactions that matches my bank statement or should i match only payments and dont match the deposits.

also when i run a report descrepancy it doesnt show any errors even though the difference is not zero.

It's our priority to ensure you can reconcile your account, dmufeed2.

When reconciling, you need to review your account in QuickBooks Desktop to make sure they match your real-life bank statement. 

Let's make sure the transactions entered are accurate. This could be the cause of the discrepancy. I'd recommend running the Transaction Detail report to check if there are any changes. Beforehand, make sure your opening and beginning balances are correct.

Here's how to run the report:

1. Go to the Reports menu. Hover over Custom Reports and select Transaction Detail.
2. Select the Display tab.
3. In the Date From field, select the earliest period in QuickBooks for the account. You can also leave it blank.
4. In the Date to field, select the period of your last reconciliation.
5. Go to the Filters tab.
6. In the Account field, select the account you're reconciling.
7. In the Entered/Last Modified field, set the Date from to the date of your last reconciliation. Then set the Date to field to today's date.
8. Select OK to run the report.
9. Look for any discrepancies or transactions that don't match what's on your bank statement.
10. Once you know, edit the transaction as needed.

If the transactions all match the statements, let's review the account and make sure there's no inaccurate adjustment made. I'll show you how:

1. Go to the Lists menu and select Chart of Accounts.
2. Open the Reconciliation Discrepancies account.
3. From the Dates field, set dates for your last few reconciliations.
4. If you see any adjustments, reach out to whoever adjusted it. Make sure your corrections aren't conflicting with the adjustment.

When everything is fixed, you can finish reconciling.

Once done, you can review the reconciliation report for future reference. Here's how:

1. Go to the Reports menu, then select Reports Center.
2. Search and open a Previous Reconciliation report.
3. Select the account you reconciled, then either Detail, Summary, or Both.

Please keep us posted if you need additional assistance reconciling your accounts. We're always here to help you out.