To generate and use the Reconciliation Discrepancy Report in QB, follow these steps:
Access Reconciliation Screen: Navigate to the Banking menu and select Reconcile. Choose the relevant account to reconcile.
Generate the Report: Click on the Reports drop-down menu and select Reconciliation Discrepancy. QB will generate a report highlighting any differences between reconciled transactions and those in QB.
Review the Report: Carefully examine the report, comparing it with your bank statements to identify discrepancies.
Investigate Discrepancies: Analyze each discrepancy to determine its cause, which may include duplicate transactions, missing entries, or data entry errors.
Rectify Discrepancies: Adjust or delete transactions as necessary to rectify the identified discrepancies.
Reconcile Again: After addressing the discrepancies, reconcile the account again to ensure accuracy.
Regular Review: Make it a habit to generate and review the Reconciliation Discrepancy Report regularly to maintain accurate financial records in QB.
To generate and use the Reconciliation Discrepancy Report in QB, follow these steps. Keep your financial records accurate and up-to-date with QB's powerful reconciliation tools.
