Hi Everyone

I joined a new company a few months ago, and we use two software programs QuickBooks Online and MS Dynamics GP. The problem is that all bank ledger balances do not match bank statements. The difference is not new; it has existed for more than a year. Many of our colleagues left the organization and many newcomers have joined the company.

I am looking for a shortcut solution to the adjustment balance difference. We can't reconcile because this will disrupt everything in our accounting software.

Kindly guide me on how I can adjust the difference. I have ideas like adjusting our ledger balance with expenses through a journal entry creating a new account and adjusting the balance or adjusting the balance against owner equity. I am looking for suggestions.

Kind Regards