Bank Statement and Register not Matching

[eeyorebismoth]

Whenever I try to reconcile in QB, it never comes out right. I will have transactions in my register that are not on my statement along with transactions on my statement that are not on my register. Can somebody please tell me why this is and how I can fix this? Also I was wondering, how do I know that a check or charge has been cleared? Does it only show up on my statement if it has been cleared?

[Deidre56]

if a check has cleared, it is listed on your bank statement. What types of things are you entering in your register that are not clearing the bank? Should you even be putting them in your bank register in QB then? All items on the bank statement need to be entered in order to reconcile in QB. are you using the bank reconciliation screen to try to reconcile?

[Joe Williams]

Transactions that are in QuickBooks that are not on the bank statement are the transactions that you have written/entered that have not cleared the bank, this is normal.
The transactions that are on the bank statement but NOT in QuickBooks are transactions that have not been entered into QuickBooks, they need to be entered.

[eeyorebismoth]

Diedre, I am using the reconcile screen. I use the online banking option to bring over transactions from my bank.

[Deidre56]

Joe's answer is correct. You will need to follow his advice.

[cojhl2]

Originally Posted by eeyorebismoth

Diedre, I am using the reconcile screen. I use the online banking option to bring over transactions from my bank.

Also when using the electric downloads you must make sure you are not duplicating entries.

[eeyorebismoth]

Why would there be transactions that I need to enter in QB that didn't come over from my bank account?


Also, what do I do about deposits/credits on my reconcile screen that aren't on my statement?

[cojhl2]

Originally Posted by eeyorebismoth

Why would there be transactions that I need to enter in QB that didn't come over from my bank account?

All transactions should be in QB. Actually I don't understand the question.


Also, what do I do about deposits/credits on my reconcile screen that aren't on my statement?

You need to figure out why you think you deposited to the bank and they do not have it recorded. This is serious and must be thoroughly researched and resolved.

[eeyorebismoth]

Originally Posted by cojhl2

You need to figure out why you think you deposited to the bank and they do not have it recorded. This is serious and must be thoroughly researched and resolved.

I dont understand what you are saying. For example, I have a charge on my statement there is an automatic monthly payment for rent that never shows up on my register in QB. Why is that? How can I fix it?

[Joe Williams]

If you have a someone to automatic deduct a monthly payment from your bank checking account, you need to enter then into QB using the Check with the number set to Auto-Xfr. You can memorize the check so it automatically enters monthly so you will not need to do it.
QuickBooks does not know about those unless you enter them.