Hello Quickbooks Desktop Community,
Please help with the following:
I manage a Partnership LLC. It trades stocks. The end-of-year bookkeeping matches the broker statements perfectly so I do not think there are any mistakes. However, the bookkeeping does not match the 1099 that the broker provided. There is a $75 discrepancy. I've read, the way to resolve it, is to treat it as Income or as an Expense depending on whether the discrepancy is negative or positive.
What is the correct way to resolve a small 1099 discrepancy?
I use Windows 11 & Quickbooks Pro 2018 Desktop.
Thank you for your help,
Steve
