Reconciliation

Forum|Forum|6 years ago
February 13, 2020
1 reply
0 views

I’m new to QB my beginning balance from May was correct when i entered June deposits and checks/deposits the ending balance matched my statement but it is a negative number it was say 12,787.55

instead it was -12787.55 What does this mean and how do I correct thx

QuickBooks Desktop for Mac

JasroV

Level 8

Hi there, @Mike771.

You'll want to delete the check and make a deposit instead. Write check is a money-out transaction, thus, using a check for a deposit will show a negative balance in your account. Let me guide you how.

In your QuickBooks Desktop (QBDT) Mac:

Go to the Lists menu.
Select Chart of Accounts.
Locate and select the account.
Select the check deposit, copy the details and click Command + D in your keyboard and click OK to delete the check
Once done, go to the Banking menu.
Select Make Deposits.
Choose an account you'll want to deposit the money in the Deposit To field.
Fill in the needed details and click Next once done.

I recommend getting in touch with your accountant for guidance in making these changes. That way, we'll ensure the accuracy of your books after recording this.

Also, I got you this article that can guide you in reconciling your accounts in QBDT Mac: Reconcile bank and credit card accounts (Mac).

In case you encountered discrepancies when reconciling your accounts, here's an article you can read on how to handle the situation: Find reconciliation discrepancies (Mac).

Please don't hesitate to contact us anytime whenever you have other concerns. The Community is always around to help.

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