Help! My Reconciliation Balance Doesn't Match My Bank Statement!

FIRST ASK YOURSELF:

• Is this the first time I have tried to reconcile the account? Did I even enter a balance? Or did I enter the incorrect amount to start?

• Did I void, delete or change an amount of a previously cleared transaction since I last reconciled?

• Did I accidentally change the status of a cleared transaction while working directly in the checking register?

YOU CAN CORRECT ANY IDENTIFIED DISCREPANCIES BY FOLLOWING THESE STEPS:

1. Enter missing or deleted transactions and re-clear them.

2. Edit existing cleared transactions to again match the amount they were at the time of the original reconciliation.

3. As a last resort, simply undo previous reconciliations until you reach a good beginning balance for that date, and then re-reconcile each month as required.

I hope you found these tips helpful.

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