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[Dial.833.742.9500] What to Do When QuickBooks bank reconciliation problems after latest updates?


Thu, March 06, 2025 7:31 AM

Q&A:

Q: What is the most common bank reconciliation problem?

A: Incorrect beginning balances and missing transactions are very common.

Q: How do I find missing transactions quickly?

A: Compare your bank statement with your QuickBooks transaction list, line by line.

Q: What should I do if I find a duplicate transaction?

A: Delete the duplicate transaction from QuickBooks.

Q: Can I just adjust the ending balance to fix a discrepancy?

A: No, this will not correct the underlying error and will lead to inaccurate records.

Q: How often should I reconcile my bank accounts?

A: Monthly reconciliation is recommended.

Q: What if I suspect a bank error?

A: Contact your bank immediately.

Q: How do I undo a reconciliation in QuickBooks?

A: Go to Banking > Reconcile, select the account, and click "Undo Last Reconciliation."

Q: What are the Verify Data and Rebuild Data utilities?

A: These utilities check for and repair data corruption in your QuickBooks company file.

Q: How can I prevent bank reconciliation problems?

A: Enter transactions accurately and promptly, reconcile regularly, and review bank statements carefully.

Q: What if my beginning balance is wrong, and I have reconciled many months?

A: You will need to start reviewing older bank statements, and older reconciliations, until you find the source of the original error. This may require undoing many reconciliations.

Q: What if I find that transactions were posted to the wrong account?

A: You will need to edit those transactions, and change the account they were posted to. This will change the balances of both the original account, and the new account.

https://eheimsupport.zendesk.com/hc/en-us/community/posts/39129876673683--Dial-833-742-9500-How-do-I-fix-QuickBooks-Desktop-not-calculating-payroll-taxes-after-latest-updates
https://eheimsupport.zendesk.com/hc/en-us/community/posts/39130247682963--Dial-833-742-9500-How-to-fix-QuickBooks-reconciliation-discrepancy-after-Windows-updates
https://eheimsupport.zendesk.com/hc/en-us/community/posts/39131186211987--Dial-833-742-9500-How-to-fix-reconciliation-discrepancies-QuickBooks-after-latest-updates


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