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February 14, 2020
Question

My account is connected to my bank. I reconcillled but when I received my bank stmt, one of the trans was off by $0.01 - bank made a correction on the stmt. How 2 fix?

  • February 14, 2020
  • 1 reply
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1 reply

Level 1
February 15, 2020

Hey improv,

 

Reconciling is the best way to make sure everything lines up, and it's great for catching even the smallest discrepancy. Even the smallest difference can snowball into a huge nuisance over time, so addressing these early is an awesome habit. Thankfully, you've already identified the exact issue, so you should be able to edit the original transaction to include the adjustment, or record the adjustment separately.

 

Hope this helps!