Bank Reconciliation Question

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Subject Author Date Bank Reconciliation Question starsject 08-23-2006  Re: Bank Reconciliation Question Peter Saxton 08-23-2006  Re: Bank Reconciliation Question starsproject 08-24-2006  Re: Bank Reconciliation Question Peter Saxton 08-24-2006  Re: Bank Reconciliation Question Laura 08-24-2006
Posted by starsject on August 23, 2006, 4:24 pm Please log in for more thread options Hello All, I'm new to QuickBooks. I was trying to do bank reconciliation. In the Checks and Payments column, there are some uncleared checks so I did not checkmark the transactions. However, I could not proceed with those unchecked transactions. It gave an error. What's problem could it be? Thanks in advance. starsproject Posted by Peter Saxton on August 23, 2006, 4:42 pm Please log in for more thread options On 23 Aug 2006 13:24:41 -0700, starsject@yahoo.com wrote: >Hello All, > >I'm new to QuickBooks. I was trying to do bank reconciliation. In the >Checks and Payments column, there are some uncleared checks so I did >not checkmark the transactions. However, I could not proceed with those >unchecked transactions. It gave an error. What's problem could it be? >Thanks in advance. > >starsproject What does "I could not proceed with those unchecked transactions."? What was the error message? -- Peter Saxton from London peter@petersaxton.co.uk Posted by starsproject on August 24, 2006, 12:35 am Please log in for more thread options SorryI didn't make it clear. The problem is the Difference between the bank balance and cleared balance is not zero due to uncleared checks. After I selected Reconcile Now, the Reconcile Adjustment window appeared. I know this is due to some checks that were not cleared within the statement period. So what to do with the uncleared checks so I can reconcile properly? Thanks! Peter Saxton wrote: > On 23 Aug 2006 13:24:41 -0700, starsject@yahoo.com wrote: > > >Hello All, > > > >I'm new to QuickBooks. I was trying to do bank reconciliation. In the > >Checks and Payments column, there are some uncleared checks so I did > >not checkmark the transactions. However, I could not proceed with those > >unchecked transactions. It gave an error. What's problem could it be? > >Thanks in advance. > > > >starsproject > > What does "I could not proceed with those unchecked transactions."? > > What was the error message? > > -- > Peter Saxton from London > peter@petersaxton.co.uk Posted by Peter Saxton on August 24, 2006, 3:35 am Please log in for more thread options wrote: >SorryI didn't make it clear. The problem is the Difference between the >bank balance and cleared balance is not zero due to uncleared checks. >After I selected Reconcile Now, the Reconcile Adjustment window >appeared. I know this is due to some checks that were not cleared >within the statement period. So what to do with the uncleared checks so >I can reconcile properly? Thanks! > Did you previous reconciliation work? Have you altered any reconciled bank transactions? If the opening cleared balance agrees to the start of the bank statement and you enter the closing balance correctly and select all the transactions on the bank statement then the balance must be 0.00. You should reread how to do bank reconciliations. -- Peter Saxton from London peter@petersaxton.co.uk Posted by Laura on August 24, 2006, 7:42 am Please log in for more thread options You can only hit the Reconcile now button when that difference is zero. I would review the status of all of those uncleared checks again. Its possible that the older ones should be either cleared or voided. Look for the difference to show up in a current check or deposit. Maybe you missed one or one got unchecked by accident. > SorryI didn't make it clear. The problem is the Difference between the > bank balance and cleared balance is not zero due to uncleared checks. > After I selected Reconcile Now, the Reconcile Adjustment window > appeared. I know this is due to some checks that were not cleared > within the statement period. So what to do with the uncleared checks so > I can reconcile properly? Thanks! > > Peter Saxton wrote: >> On 23 Aug 2006 13:24:41 -0700, starsject@yahoo.com wrote: >> >> >Hello All, >> > >> >I'm new to QuickBooks. I was trying to do bank reconciliation. In the >> >Checks and Payments column, there are some uncleared checks so I did >> >not checkmark the transactions. However, I could not proceed with those >> >unchecked transactions. It gave an error. What's problem could it be? >> >Thanks in advance. >> > >> >starsproject >> >> What does "I could not proceed with those unchecked transactions."? >> >> What was the error message? >> >> -- >> Peter Saxton from London >> peter@petersaxton.co.uk > Similar Threads Posted most recent reconciliation date for all bank accounts? March 29, 2007, 7:30 pm Reconciliation August 10, 2007, 5:12 pm Reconciliation May 9, 2008, 10:27 am Reconciliation problem May 31, 2007, 3:09 am reconciliation blues August 8, 2007, 8:45 am HELP NEEDED - Reconciliation September 12, 2008, 9:55 am Reconciliation excessively long December 10, 2006, 12:13 pm QB Credit Card reconciliation July 3, 2007, 2:47 pm CC reconciliation problem QB2008 December 28, 2007, 3:31 pm Cybersource QuickBooks Reconciliation June 25, 2008, 4:29 am