Check Book out of Ballance


R

Rick

I have a customer that has been using QB for about 3 years. Heres the issue,
they never reconciled there checking register and its a mess! And if thats
not bad enough, the first year they pretty much used QB for invoices
tracking and Customer list. So theres this huge balloon figure for income
and no expenses the first year. How in the world can I group this amount,
and what would be a good account to post it to? Back to the reconcile, is
there a method I can use for the last two or three months to get this
balanced?
Thanks, Rick
 
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J

Jack Hatfield

Reconcile .. if you have the statements why not reconcile it? That
means input the checks that aren't there to create the expenses. Then
reconcile it. This isn't uncommon to find I did two or three of these
this summer. Once you get the check register up to date then you should
have a pretty good set of books.

I have a customer that has been using QB for about 3 years. Heres the issue,
they never reconciled there checking register and its a mess! And if thats
not bad enough, the first year they pretty much used QB for invoices
tracking and Customer list. So theres this huge balloon figure for income
and no expenses the first year. How in the world can I group this amount,
and what would be a good account to post it to? Back to the reconcile, is
there a method I can use for the last two or three months to get this
balanced?
Thanks, Rick

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Northeastern Missouri
 
A

Allan Martin

Rick,

The fact that you are referring to the client as a customer leads me to
believe that you are not a professional.

You may not be qualified to take on this type of work.

How you proceed really depends on the terms of the engagement. One method
may take quite some time and another several hours or less. Cost is a big
factor.

There has always been a debate as to wither or not accounting is a science
or an art form. When confronted with a mess like the one you were presented
with, the accountant must darn their artist cap.
 
T

Tim Kroesen

This comment leads me to believe once again you are what is commonly
referred to as a 'blowhard'.

Tim K
 
A

Allan Martin

Well blow me down. When I go to the doctor, I expect to be refered to as a
patient. When at an attoney I'm a client and when shopping at Wall Mart a
customer.
 
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B

Bud Recor

I have run into those multi year no reconciled ones before. I usually just
create a new bank acct in qb as of whatever date i want to go back to, set
the opening balance from the begining bank statement, then move transactions
from the old bank acct in qb to the new. Then i start the reconcile process.
After that i worry about clearing out the old one and making it inactive.
 

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