The #1 Mistake When You Reconcile Your Bank Account in Quickbooks Desktop

The #1 Mistake When you Reconcile Your Bank Account in Quickbooks Desktop. In this video I reveal the top mistake I see most Quickbooks Desktop users make when reconciling their bank account. It causes more frustration than anything I see.

In the video I walk through not only this mistake, but also how to easily fix it every time when you reconcile your bank account in Quickbooks Desktop.

Now, when you go to reconcile your bank account, Quickbooks desktop will show you the right balances every time.

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[GordonJohansen]

What a great reminder of what to do. I seldom have this issue but when there is something changed in the past, I have literally done the "Undo Reconciliation" for up to 12 months to find the error and get it corrected. A little OCD I know. How did I miss this button? Thanks again.

[ivyli]

I started the bookkeeping for a company that has never reconciled their books, i started in Jan 2022 and their register dates back to 02/2020, do i just reconcile from date that i started with their books? Won't it be off if i don't reconcile the years before?

[paulkizito]

KIndly, advise me on how best to take on this course /study on line.Iam failing to follow properly

[btiny]

Soooo, here I am having to fix a previous reconciliation. If I'm understanding the tutorial, I know what I did, like after I did the bank reconciliation, I went back and removed a item from the cleared check, which then changed the amount from $55, 000 to $4400.. I then created a current liability account and put that amount of $51, 000 in by General Journal. So when I went to do the next months rec, the starting balance is out that exact amount $51, 000. So are you saying to go back and undo those 2 transactions before I undo the bank reconciliation and then undo the bank rec? Thanks for any guidance.

[tifgibson]

Hi Matt! This is completely unrelated to this video. I handle AP and need to create a remittance statement (each invoice date, # + $ the check is for) to send with payments to vendors on desktop version. Do you have ANY idea how to do this? I've already spent over two hours with two different CSRs. Neither knew how to accomplish it. Thanks in advance for any insight!

[optimaltaxservicessupport]

Hi Matt, your have very good videos. Thank you for those teaching. Very helpfulf. I just see a error in the dates show in the video Nov 2023? ?