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Had reconciled an account for end of year 2019. The balance has changed. How do I identify the transactions that were backdated?
I was able to find them but I don't understand why the account balance changed.
A debit/credit for 101,971.20 was eliminated, a debit/credit for 113,628.00 was added. Difference is 11,656.80 which is what I'm looking for. However, if debits/credits match why did balance change?
I'm here to help you sort things out, Merc1976.
In QuickBooks Desktop, eliminating or adding a reconciled transaction will affect your beginning balance for the next reconciliation. You can pull up and run any of these reports to locate the difference.
Reconcile Discrepancy report:
For further troubleshooting steps, see this article: Fix beginning balance issues in QuickBooks Desktop.
I'm including these resources to learn more about the reconciliation process in QuickBooks:
Let me know how it goes by leaving a reply below. I'll zip right back to help you out.
Hi, thanks for the comprehensive reply!
There were no reconciliation discrepancies and when I went to the audit trail there were no prior statements and buttons were grayed out.
Was able to find the difference in "Closing Date Exception Report" which shows when it was posted and what was the effective date of the posting. So, all good!
Thanks!
Good to hear from you again, @Merc1976.
You're most welcome. I also appreciate your taking the time to post this and letting me know that the issue got resolved.
As always, Community is full of experts possessing knowledge in all facets of QuickBooks, so please reach out to us here if there's anything you need. We're always happy to help you along your road to victory. Wishing you and your business continued success!
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