Hello. Trying to reconcile, my deposits are less in QB then on my bank statement

Hello! Sales. Let’s address the differences between your QuickBooks Online deposits and your bank statement. We’ll compare the deposits, check for discrepancies or missing entries, and make any necessary corrections in QuickBooks. After that, you can re-run the reconciliation to ensure everything aligns properly. Let’s get started!

First, compare the deposits on your bank statement with those in QuickBooks. Check for any missing or unmatched entries. If you find any deposits not recorded in QuickBooks, add them. Also, correct any differences you spot.

To begin:
 

1. In QBO, navigate to the Bank and Credit Cards tab.
2. Compare each deposit listed in your bank statement with the ones recorded in QBO.
3. Note any deposits that are missing or have different amounts.

Next, if you find a deposit on your bank statement that is missing in QBO:

1. Click + New in QBO.
2. Select Bank Deposit.
3. Enter the details of the missing deposit (date, account, amount, etc.)

Moving forward, if a deposited amount in QBO differs from your bank statement:

1. Click on the transaction in QBO to open it.
2. Adjust the amount to match the exact figure shown on your bank statement.
3. Ensure that other details like the date remain accurate.
   
   

Finally, re-run the reconciliation process to ensure everything matches perfectly. It will help you align your records accurately.

1. Navigate to the Accounting section.
2. Select Reconcile.
3. Enter the ending balance from your bank statement.
4. Follow the on-screen prompts to complete the reconciliation process.
    

Additionally, this article can help you resolve common issues encountered during reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online.

Furthermore, check out these articles you can use as a future reference when managing, exporting, and matching transactions in QuickBooks:
 

• Match online bank transactions in QuickBooks Online.
• Categorize online bank transactions in QuickBooks Online.
• View, print, or export a reconciliation report in QuickBooks Online.
• Reconcile an account in QuickBooks Online.
  
  

By reviewing our deposits, including any that are missing and correcting any discrepancies, you will have everything reconciled. If anything arises, please click the reply button below. We are always here to assist.