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On my profit and loss statement, I have a row called "Other Expenses" showing a subrow "Reconcilation Discrepancies" at 0.00, why does this row show up when there is a 0.00 posted, how do I remove it? thank you in advance.
Solved! Go to Solution.
Hi there, @DGMD.
I'm here to help share insights about the expense account on your report in QuickBooks Online.
The Reconciliation Discrepancy account under an expense account on your Profit and Loss report is a holding account housing all the adjustments made in reconciliation. This is a nonexistent account and will only exist once a discrepancy adjustment is made before closing a reconciliation.
For now, removing the account from the list of categories on your report is unavailable. You don't have to worry, the current balance of your account does not affect your financial data and it shows the accuracy of your last session of reconciliation since the amount is $0.00.
On that note, I'm adding this reference that'll guide you anytime you need help while doing or fixing a reconciliation: The Reconcile Workflow in QuickBooks. You may also review reports to get the data of your past reconciliations: How to View, Print, or Export Reconciliation Report?.
If you've got questions other than working with the categories of your report, please let me know in the comments. Use the Reply button below and include my name, @JonpriL, so that I can continue assisting you. Stay safe!
Hi there, @DGMD.
I'm here to help share insights about the expense account on your report in QuickBooks Online.
The Reconciliation Discrepancy account under an expense account on your Profit and Loss report is a holding account housing all the adjustments made in reconciliation. This is a nonexistent account and will only exist once a discrepancy adjustment is made before closing a reconciliation.
For now, removing the account from the list of categories on your report is unavailable. You don't have to worry, the current balance of your account does not affect your financial data and it shows the accuracy of your last session of reconciliation since the amount is $0.00.
On that note, I'm adding this reference that'll guide you anytime you need help while doing or fixing a reconciliation: The Reconcile Workflow in QuickBooks. You may also review reports to get the data of your past reconciliations: How to View, Print, or Export Reconciliation Report?.
If you've got questions other than working with the categories of your report, please let me know in the comments. Use the Reply button below and include my name, @JonpriL, so that I can continue assisting you. Stay safe!
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