Questions tagged [reconciling]
The reconciling tag has no usage guidance.
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GnuCash: Should I Record Fraudulent Charges?
I'm catching up on reconciling my checking account in GnuCash, discovered a fraudulent charge on the February 2023 statement, and noticed another fraudulent charge pending. Should I enter the ...
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A client paid a non-business debt into my business bank account. How to handle in Xero?
I purchased some groceries for my neighbour, and he reimbursed me by depositing funds into my business bank account (I have done some work for him occasionally), which automatically fed through to ...
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Is the "Sum of the Squares" equation used to reconcile bank accounts?
One thing I always found to be a pain when using Quicken is to be able to figure out what checks/transactions have / haven't been reconciled yet.
It always makes my balance look like it's off.
Do ...
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Reconciliation uses different number than entered
I'm doing a year-end reconciliation of one of my expense categories. In the reconcile-setup window, I enter the amount $36,387.59 for the ending balance:
However, the amount shown in the subsequent ...
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How to reconcile a checking account against bank statements?
My first thought on this matter, is that if the balance is off by a certain amount, one or more missing transaction should add (withdrawl or deposit) to the missing amount.
The software I am using for ...
- 1,110
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Gnucash: Default reconcile date to today?
When I begin reconciling an account in GnuCash, the statement date field is populated with a value that seems to be random. Is there a way to make it default to the current date?
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Help reconciling credit card with Amazon
I use Amazon a lot for business purposes, and so have a pretty large number of orders. However, matching credit card transactions against this is a nightmare. I guess amazon charges your card when ...
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How to reconcile loan statements when balance doesn't add up
I'm helping a friend enter her student loan payments into GnuCash and I've come across something I've never encountered before. Apparently Discover Student Loans are calculated with Daily Simple ...
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Xero - How to reconcile a transaction when the period has been locked
I use Xero for my consultancy company's book-keeping. My accounts from a couple of months ago are locked (due to submitting a VAT (UK sales tax) return). I have an unreconciled bank transaction within ...
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Quickbooks credit card reconciliation
When I put a payment into Quickbooks through the enter bills section and then pay it, when I go to reconcile the account the payment does not show up. Why would this be and how can it be placed in the ...
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Why doesn't GnuCash auto-reconcile non-bank accounts?
I use GnuCash for the sole purpose of keeping track of my personal finance. When I do my monthly reconciliation on my checking account, savings account, and credit card account and everything is all ...
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correct usage of "R" field, esp. with respect to credit card account type
Using GnuCash to track where my money goes and what comes in. I have as assets my bank account and "cash in wallet", and many expense accounts for food, gas, water, electricity, clothes, transport/...
user24385
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351
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How do I reconcile a pre-payment on a credit card in Quickbooks?
I have two payments to credit card for the same period. One is tied to last month's reconciliation but the other one is just a prepayment because I wanted to charge the account over my limit, so I ...
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How to reconcile a credit card that has an ongoing billing dispute?
I currently have an ongoing billing dispute/inquiry on my American Express Business Charge Card that is causing me problems when reconciling this account in Quickbooks. Since my statement balance ...
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When bookkeeping, which transaction date should I use from my bank statement?
When reconciling my bookkeeping with my bank statement, should I use the date the transaction occurred or the date the bank processed the transaction?
Also, which date should I use when transferring ...
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