Hi there, studiocrashinc. I am here to help you reconcile your credit card account and ensure its accuracy.
Reconciling your account in QuickBooks is crucial to maintaining accurate financial records. By reconciling your account, you ensure that your bank statements match your QuickBooks records. This helps you identify any discrepancies, errors, or even fraudulent activities. Additionally, reconciling your account can help you keep track of outstanding checks, deposits, and other transactions that may have needed to be included or deleted in your accounting entries.
As a solution to the discrepancy in the ending balance caused by a duplicate transaction in your credit card bill, I suggest deleting one of the transactions to ensure the accuracy of your financial records and proceed to the reconciliation.
To delete duplicate transactions in the credit card in QuickBooks Desktop for Mac, you can follow these general steps:
- Go to the Banking menu, select Bank Feeds, and then Bank Feeds Center.
- Select the account with the duplicate transactions.
- Review the transactions and identify the duplicates.
- Go to the Edit menu and select Delete Transaction to remove the duplicate entries.
Check out this article to know more about this process: Remove duplicate transactions in QuickBooks Desktop.
Once done, you can start reconciling your account. For more detailed steps, please check out this article: Reconcile accounts in QuickBooks for Mac.
I'm only a post away if you have other questions or concerns with managing your bank transactions. Have a great day!
