quickbooks for mac cleared vs reconciled

Quickbooks Cleared Vs Reconciled Free To Let

If the register balance on your bank reconciliation does not match the value on your balance sheet it is likely the cleared transaction from the next month.

What is the reason for the difference I thought maybe it could have to do with uncleared transactions, but I only had one outstanding transaction and the amount of the difference and the amount of the transaction do not match up.

Is there something wrong The balance sheet shows the same balance as the what the register does, but that is not the same as what the reconciled balance shows for the same period end.

First, we can review the Audit Trail to see if there are reconciled transactions that were deleted or edited.

Heres how: Click the Reports at the top menu and select Accountant Taxes.

Quickbooks Cleared Vs Reconciled Free To Let

If you need more about how reconciliation work in QuickBooks, you can use these articles for reference: View Previous Bank Reconciliation Reports Resolve Common Issues on Previous Reconciliation Report Zero or Incorrect Beginning Balance in the Begin Reconciliation Window Feel free to let me know if you need anything else.

What is the reason for the difference The most common and normal cause is that there are uncleared transactions before the date of the balance sheet.

Youll see the same balance in the bank register for the balance sheet date.

The replies dont seem to be answering the question, and I may have a similar issue.

On the QBs reconciliation report the 12312018 register balance is -4861.80.

The Balance Sheet balance for the same bank as of 12312018 is -3,948.98.

This is a difference of 912.82.

There should be no difference between the register balance in the reconciliation report and the balance sheet, since the register balance takes the uncleared transactions into consideration.

Ive selected the bank reconciliation report that shows any changes since the original reconciliation, so it isnt a matter of the data having changed since it was reconciled.

What causes this amounts to become out of sync and how do I fix it I have run data integrity and a data rebuild, but the issue has not resolved.

Allow me to help share additional ways to determine why the balance sheet report doesnt match your register.

They can use the screen share tool to determine whats causing the issue and help you get back to business in no time.

Please know that Im just a post away if you have any other questions about QuickBooks.

I expect the register balance on the bank rec to agree to the register (as at the same date) but they do not agree and I cant work out the difference.

Ill also add information about the balance in the register and the Balance Sheet.

The Ending Balance is from your bank statement, whereas Beginning Balance is from your register.

The latter is from the last reconciled transaction in your register, as shown in the screenshot.

This will cause a difference when you reconcile your account.

If there are duplicates or missing ones, delete or recreate them.

Quickbooks For Mac Cleared Vs Reconciled