Credit card accounts have not reconciled for years
I have a client who already had the company tax filed in 2018. Now I'm working on their book for 2019. There are few credit card accounts that have not been reconciled, beginning balance is incorrect, I can’t go back to fix 2018 to fix tra
Please note that during reconciliation, the bank statement should match the transactions in QuickBooks. It is important to make sure that all previous period are properly reconciled in QuickBooks to reflect the actual books of the client.
Please note that the ending balance of a reconciliation becomes the beginning balance of the following period. Every adjustment made to a previous reconciliation that changes the register's balance requires reconciling the following period again.
Check out our Banking Resource Center for tips on how to manage your bank transactions: Banking Center
I'd like to know how it goes, as I want to ensure this is resolved. Feel free to message me back. Have a great week ahead!