$55.00 Account Discrepancy
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Allround Glass & Glazing
Member Posts: 2 ✭
Hello all, hope you're all well.
I am using Quick Books 2011 edition and I am trying to reconcile the bank account.
I have gone back to March to try and fix this error, but I am unable to.
I am out $55.00 (safe custody fee from NAB) and that is what my Beginning Balance on QB's is out by. I have tried so many things to try and get this figure less $55.00, but it is not working. I have tried a journal entry and cheque entry, this is even showing up on my discrepancy report as the problem (because it has been deleted). What should I do?
Thank-you in advance,
Kate
I am using Quick Books 2011 edition and I am trying to reconcile the bank account.
I have gone back to March to try and fix this error, but I am unable to.
I am out $55.00 (safe custody fee from NAB) and that is what my Beginning Balance on QB's is out by. I have tried so many things to try and get this figure less $55.00, but it is not working. I have tried a journal entry and cheque entry, this is even showing up on my discrepancy report as the problem (because it has been deleted). What should I do?
Thank-you in advance,
Kate
0
Comments
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Hi Kate,
You will need to re-enter the transaction and reinstate its reconciled status.
After re-entering the transaction, complete a bank reconciliation using the same date and closing balance as for the last statement reconciled which you mention is March. Tick the re-entered $55.00 transaction which should give you a zero difference.
When you proceed to reconcile the April statement your opening balance should now be correct.
Suzanne Lockwood
Reckon Accredited Consultant
1 -
Thank-you for the reply Suzanne
I have re-entered and deleted the transaction so many times - it still wont work.
The actual safe custody fee that is the discrepancy is actually from May.
Does this change anything?
Thanks in advance
0 -
Is your opening balance when attempting the April reconciliation is out by $55.00?
Suzanne Lockwood
Reckon Accredited Consultant
0
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