Banking

I followed your recommendation and when I went to do the bank rec on the new account the deposit amount appeared again on the right side under deposits and credits with no corresponding expense on the left to balance it out. This is the procedure that I followed:

1: Banking tab to Deposit - deposited from the old account to the new one.

2: Banking tab to Write a Check - Entered a check from the old account payable to the new account

Thank you for following the steps provided by my colleague, TomD451. I know a way for you to balance your deposits and expenses. 

Since you already have a deposit transaction, then you already created a check transaction to offset your deposit, you can now put a checkmark and then proceed to Reconcile. Please know that the created check will be seen on the left side while the deposits will be seen on the right side. Kindly follow the steps below: 

1. Go to the Banking menu. 
2. Choose the Reconcile option. 
3. Put a check mark right beside the transaction. 
4. Once done, press Reconcile Now. 

You can also see the screenshots that I'll attach for more visual reference: 

Additionally, here's an article for you to make as a reference since it contains some information regarding reconciliation: Reconcile an account in QuickBooks Desktop. 

Furthermore, you can utilize this whenever you encounter some issues as you reconcile your accounts: Fix issues when you're reconciling in QuickBooks Desktop. 

If you have more questions regarding bank reconciliation or any QuickBooks-related concerns, the comment section or the Community is always available. We're always here, ready to provide the assistance you need. 

I understand what you are saying but when I enter the check using the old checking account and referencing the new account in expenses it shows not on the left side in the rec but the right side where the original deposit was made.

Hi, @TomD451.

Thank you for reaching back out to us and providing more details about the issue you faced. I'm here to share additional information about writing a check and processing reconciliation. 

When writing a check for the new checking account, it'll show as a payment or a check created for the old account. Then, it'll show as a deposit to the new bank or checking account as it'll serve as the Opening Balance Equity. Once done, you can manually reconcile the account. 

Here's more information about reconciling your accounts in QuickBooks to ensure they match your bank and credit card statements: Reconcile an account in QuickBooks Desktop. It'll guide you in reviewing your opening balance preparing for reconciliation, and ending with comparing your bank statement with what you have in QuickBooks.

Furthermore, the following article will tell you more about common causes of ending balance issues and provide a step-by-step guide to help you identify and fix the discrepancies: Fix issues when you're reconciling in QuickBooks Desktop. 

Let us know if you need more information about creating a check and reconciling it. We're always here to answer them for you. Have a great rest of the day!

@TomD451 

"when I enter the check using the old checking account and referencing the new account in expenses it shows not on the left side in the rec but the right side where the original deposit was made."

Are you expecting to see the check and the deposit on the same reconciliation?  The deposit will show on the right side when you reconcile the new checking account and the check will show on the left side when you reconcile the old checking account.  They won't both be in the new account.

Yes. Your advise has helped me.