Advertise    

QuickBooks Forums      

Go Back   QuickBooks Forums > QuickBooks Software Support > QuickBooks Pro Forum

Reply
 
Thread Tools Rate Thread Display Modes
  #1  
Old 01-10-2006, 08:11 PM
Donna T. Donna T. is offline
Junior Member
 
Join Date: Sep 2005
Location: winnipeg
Posts: 15
bank rec.

Hello there,

I've discussed this problem recently and received some good advice.

I am still having some problems convincing our auditor that the reason my register total on my bank recs do not match the general ledger we are now printing is due to I made changes to un-cleared transactions since the printing of the bank recs.

He is convinced this means the bank doesn't reconcile. I have offered to supply him with a list of the deleted transactions - but that hasn't gone anywhere.

My bank reconciles every month. My beginning and end balances always match. I realize the register total should match the GL - but unfortuately I wasn't printing the reports at the same time.

I am now printing the reports at the same time. For October and November the register totals agree with the general ledger, but he's still convinced the bank didn't reconcile for the previous months.

Is it possible if my beginning and end balances match, the register total agrees with the GL for the last two months that there could be any problem with the bank?

Any input would be appreciated.

Donna
Reply With Quote
  #2  
Old 01-11-2006, 04:39 AM
RobJoy RobJoy is offline
Registered User
 
Join Date: Mar 2003
Location: UK
Posts: 3,829
What does he want, blood? No, I can't see any way you have a problem with your bank. Ask him what he thinks can be wrong with it. It reconciles at year start and end, you have therefore accounted for everything that passed through it, and he can see the uncleared transactions at year end. There can't be any missing or wrong amount debits or credits, or it wouldn't reconcile at year end. That's it. Most accountants wouldn't even WANT to see monthly bank reconciliations, just the year end.
__________________
Joyce Beck
joyce@pc-firstaid.com
------------------------------------------------------------------------------
Accounting and bookkeeping support, QuickBooks Pro Advisor
Home and small business computer services in Northampton, UK
Reply With Quote
  #3  
Old 01-11-2006, 05:42 PM
Donna T. Donna T. is offline
Junior Member
 
Join Date: Sep 2005
Location: winnipeg
Posts: 15
Thanks, that gives me some peace of mind. I tried explaining this again today - but they just do not want to get it. It will be interesting to see how this works out.

Donna
Reply With Quote
  #4  
Old 01-12-2006, 11:56 AM
RobJoy RobJoy is offline
Registered User
 
Join Date: Mar 2003
Location: UK
Posts: 3,829
Try saying "Ok, Mr Fussy, just give me an example of something that could be wrong. Missed a check? It wouldn't reconcile. Duplicated a deposit? It wouldn't reconcile. Got an amount wrong? It wouldn't reconcile. Dated something the previous year? My starting balance would be wrong. Dated something next year? It wouldn't reconcile. Posted something to the wrong account? Well of course, but you wouldn't know that if I gave you a reconciliation report of every day of the year."
__________________
Joyce Beck
joyce@pc-firstaid.com
------------------------------------------------------------------------------
Accounting and bookkeeping support, QuickBooks Pro Advisor
Home and small business computer services in Northampton, UK
Reply With Quote
  #5  
Old 01-13-2006, 07:13 PM
qbsrox qbsrox is offline
Registered User
 
Join Date: Sep 2003
Location: Maryland
Posts: 2,715
Joyce,

I absolutely LOVE your response.....lololol! That is SO darn perfect!!

Donna....you have to use that, it's just tooooooooo good!

Rox :-)
__________________
Rox :-)

Advanced Certified QuickBooks ProAdvisor
Visit us at: www.qb4yahoostores.com
Reply With Quote
Reply

Bookmarks
Bookmark and Share
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is On

Forum Jump


All times are GMT -5. The time now is 04:34 AM.


 

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
All contents copyright (c) by AccountingUsers Inc.