I'd be glad to help you reconcile your account in QuickBooks Desktop (QBDT), @rwbs2021.
You can reconcile your account one year at a time since it has been unreconciled for two years. This will ensure that the adjustments, service fees, and interest you enter during the reconciliation are applied to the year in which those transactions happened.
To do the reconciliation, here's how:
- Go to the Banking menu, then choose Reconcile.
- Select the account you want to reconcile.
- Enter the statement date and ending balance.
- Compare the beginning Balance field with the opening balance on the oldest statement you want to reconcile. If the beginning balance does not match, refer to the following steps in this article: Reconcile the window beginning balance as zero or incorrect.
- After that, enter the total service charge and interest earned.
- Click Continue, then select Hide transactions after the statement's end date in the upper right corner of the window.
- Select the checkmark column next to each transaction on the financial statement.
- Repeat this step for each prior statement in the period you are reconciling.
- Review the difference amount. If the amount is 0.00, select Reconcile Now. Otherwise, start again at step 4 to ensure that all amounts and transactions have been recorded correctly, or select Reconcile Now and then enter an adjustment to force reconcile them.
- Repeat the same process for the next years.
You can also seek assistance from your accountant if you need further guidance reconciling your account. If you don't have one, you can use our Find-an-Accountant tool to look for an expert near you.
Additionally, you can browse through our Reconciliation page to have more tips on reconciling your account.
Lastly, to have more insights fixing reconciliation issues in the future, I'm adding these resources for you:
Keep me posted if you still need further assistance doing reconciliations in QBDT or anything else about QuickBooks. I'd be glad to assist you at any time. Stay safe there.
