Examples of these changes include actions such as: modifying the amount of a check, deselecting an already reconciled transaction, or deleting a transaction.

The report displays all changes to reconciled transactions.

Now, we can proceed with this month’s reconciliation.

This time, when we go to reconcile our account for this month, we see that the beginning balance on our bank statement matches the one in QuickBooks.

As a result, you must confirm that you want to save your changes. Notice that QuickBooks reminds you that this transaction has already been reconciled.

Double-click on the individual transactions to locate the issues and fix them.

You’ll see details such as when the transaction was modified, as well as the type of change that took place.

The Reconciliation Discrepancy Report displays the modified transactions since the last reconcile.

Navigate to Reports, Banking, then Reconciliation Discrepancy.

Once you identify the discrepancy, if unsure how to make the correction, always consult the advice and/or the assistance of an accounting professional for help. They are: the reconciliation discrepancy report, missing checks report and the transaction detail report. Here are the steps to use the new Reconciliation Discrepancy Report: Three reports in QuickBooks® will help you to identify where the discrepancies occurred. You can either take the time to compare the previous month’s reconciliation reports to the register, or you can simply use the new Reconciliation Discrepancy Report. We see a different amount, which indicates that transactions altered since the last reconcile. A quick visual check shows that our bank statement’s beginning balance doesn’t match the one in the QuickBooks Reconciliation window. Let’s start by attempting to reconcile our checking account records for this month. The Reconciliation Discrepancy Report allows you to easily identify, and reconcile, discrepancies between your bank statement and QuickBooks records since your last monthly reconciliation.

Quickbooks for mac bank discrepancy