Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
posted
Best answer September 02, 2022
Solved
Best Answers
Let's work together to get to the bottom of the reconciliation, @SisterJudith.
I explain why the transfer accounts don't agree on the date in QuickBooks and offer a solution to fix the balance and successfully reconcile the account.
The bank posting is the basis for everything. We are all aware that the majority of banks have a posting deadline. Therefore, considering that January 30 is a Sunday, there is a chance that the transfer will not make it in time.
Please remember that when reconciling, we always base it on the bank statement. To get to the bottom of this, I'd recommend either manually reconciling or unmatching the 2/1 transaction ($100).
To manually reconcile, proceed with the following steps:
- Go to the Accounting menu on the lower part and choose Chart of Accounts.
- Open the exact bank and locate the transaction.
- Click the column until you see the letter R.
- Hit Save.
To unmatch or undo, follow these instructions:
- Go to the Banking menu on the upper left side.
- Select the Categorized tab.
- Locate the transaction and click Undo. This will go back to the For Review.
- If you reconcile in February, make sure to include the transaction.
For more information, see this link: Unmatch downloaded bank transactions or move them to another account.
Once done, you can now reconcile your bank whenever you're ready.
To avoid this in the future, I'd recommend that you only categorize the transactions that were posted in the bank for the month of reconciliation. After that, review and accept the data for the following month.
Moreover, browse these articles below on how to fix reconciliation errors and find the missing transactions in QuickBooks:
- What to do if you can’t find downloaded transactions in QuickBooks Online
- Fix issues at the end of reconciliation in QuickBooks
Let me know if you have further questions about your banking transactions. I'm always glad to help in any way I can. Have a great rest of the day.
Let's work together to get to the bottom of the reconciliation, @SisterJudith.
I explain why the transfer accounts don't agree on the date in QuickBooks and offer a solution to fix the balance and successfully reconcile the account.
The bank posting is the basis for everything. We are all aware that the majority of banks have a posting deadline. Therefore, considering that January 30 is a Sunday, there is a chance that the transfer will not make it in time.
Please remember that when reconciling, we always base it on the bank statement. To get to the bottom of this, I'd recommend either manually reconciling or unmatching the 2/1 transaction ($100).
To manually reconcile, proceed with the following steps:
- Go to the Accounting menu on the lower part and choose Chart of Accounts.
- Open the exact bank and locate the transaction.
- Click the column until you see the letter R.
- Hit Save.
To unmatch or undo, follow these instructions:
- Go to the Banking menu on the upper left side.
- Select the Categorized tab.
- Locate the transaction and click Undo. This will go back to the For Review.
- If you reconcile in February, make sure to include the transaction.
For more information, see this link: Unmatch downloaded bank transactions or move them to another account.
Once done, you can now reconcile your bank whenever you're ready.
To avoid this in the future, I'd recommend that you only categorize the transactions that were posted in the bank for the month of reconciliation. After that, review and accept the data for the following month.
Moreover, browse these articles below on how to fix reconciliation errors and find the missing transactions in QuickBooks:
- What to do if you can’t find downloaded transactions in QuickBooks Online
- Fix issues at the end of reconciliation in QuickBooks
Let me know if you have further questions about your banking transactions. I'm always glad to help in any way I can. Have a great rest of the day.
