I took over Quickbooks for this company in July 2015, and started reconciling Jan 2015 onwards. Now at year-end , I can not find payments in 2014 to a major vendor I am auditing. My hutch is , the bank reconciliation was forced balanced to match the ending balance in January.
My Questions
-is it best to undo recon until the date of the missing check which is Sept 2014 till now and enter it right OR
Journal entry it? Problem is in journal entrying it, Vendor is in a different currency so QB doesn't allow the journal entry OR
perhaps there's a waY to do this.
Thanks for your help, I'm stuck and couldn't figure this out.
My Questions
-is it best to undo recon until the date of the missing check which is Sept 2014 till now and enter it right OR
Journal entry it? Problem is in journal entrying it, Vendor is in a different currency so QB doesn't allow the journal entry OR
perhaps there's a waY to do this.
Thanks for your help, I'm stuck and couldn't figure this out.