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General Accounting Discussions: Ending Balance !!

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  1.  
    • CommentAuthoryminh14
    • CommentTimeApr 1st 2008
     
    Hello,
    I have a question which needs help. About ending balance, a lady in church records all transactions (incomes/expenses) on her own journal-entry book, and I am the one put the transactions in the Quickbook system. At the end of the period, on the lady's book ending blance different from quickbook's ending blance. I dont know at which point i put in the wrong the amounts or something, where should i start to check or reconcile in Quickbook.
    Please, help. thank you.
  2.  
    long , but most simple process- check off all receipts/deposits/withdrawals to your & her books 1 at a time (copy original ledgers & hi-lite to match records to ledgers) may find an incorrect # written or addition/subtraction error- usually that helps, although it's a longggg process it's usually the most common mistake found. Hope it's that simple.

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