Hello, Kavita Karnani.
I'd like to help you with your reconciliation in QuickBooks.
When you reconcile an account, you compare transactions in QuickBooks with the ones on your bank statements. In the end, the difference between the two records should be $0.00.
To learn more about the things before you reconcile your account, please overview this article to help you understand the procedure of reconciling an account in QuickBooks: Reconciling your accounts.
Then, let's go ahead and start the reconciliation process. Here's how:
- Go to the Banking menu, then select Reconcile.
- In the Account field, select the bank or credit card account you want to reconcile.
- The Statement Date is automatically filled in. Usually, it's 30 or 31 days after the statement date of the previous reconciliation. Change it as needed to match your bank statement.
- QuickBooks also automatically enters the Beginning Balance. It uses the ending balance from your last reconciliation to get this number.
- Enter the Ending Balance based on your bank statement.
- Enter the Service Charge and Interest Earned based on your bank statement. Don't enter charges you've already entered in QuickBooks.
- Review the fields. If the info is correct, select Continue or OK.
For more details, please refer to this article: Reconcile an account in QuickBooks Desktop.
You may also consider reaching out to your accountant. This way, they'll be able to guide and help you ensure your book is accurate.
Incase you don't have an accountant, you may visit our ProAdvisor site to get in touch with our accountants: Find an accountant or bookkeeper who loves your business as much as you do.
To add up, you can always scan through these resources for more insights about fixing reconciliation issues in QBDT:
Let me know if there's anything else I can assist you with in terms of reconciling your account. I'll be around for you. Have a nice day!
