Reconciling CC Statement mid year

You said it was never reconciled - but i am inferring that all the individual transactions have in fact already been entered?  If thats the case then its just the 'reconciliation' issue to deal with - no extra entries will be needed if the balance in that account is already correct.

To reconcile you can do it all at once - no need to go thru monthly.  Ever time you do a 'reconcile' what happens is that all the 'open items' up to the statement date are processed - no matter how far back they go.  In theory you just enter the last statement date and balance then 'check all items' and it should balance. But if not then you should probably stop and cancel because it is very hard to try to do itemized check-off with a massive list and many paper statements.

Hello there, AlchemySoundandVision.

I’m here to help make sure you’re taken care of while reconciling your mid year credit card statement.

In QuickBooks Desktop, you can do a lump sum reconciliation to reconcile past months of transactions that haven't been reconciled with your financial statements. This method is often called as one year at a time reconciliation.

Before you begin reconciling the account, let's secure a back up copy of company file.

For more insights, you can check out this article: Reconcile an account for multiple months or years of transactions and financial statements.

On the other note, if you're using QuickBooks Online (QBO), you'll need to reconcile them on a month-by-month basis, starting from the oldest bank statement.

Here's an article for a step by step guide that you can follow: How to Reconcile an Account in QBO.

That should keep you on the right track. Fill me in if you have additional questions while working with lump sum reconciliation. I'd be happy to help.