Bank errors k- reconciliation

Good Morning,

Are you asking what to do when the bank makes an error in and you need to correct your bank account to reflect the error.  If that is so then you want QuickBooks to reflect what happened in the real world as much as possible so that anyone else looking at the data can follow your trail.  I will give an example .  Lets say the bank added a group of checks incorrectly and did not credit your account the proper amount and then later found their error and put an additional credit to your account.

Transaction Number one is the grouped deposit that you created in QB and took to the bank.    Leave this as is ........... changing any part of this might cause a customer invoice to look unpaid.

Enter a second transaction in your bank register to reflect the amount of the bank error. This will reduce the account like a check but use the bank as the payee.

Third enter an additional deposit that will reflect the banks correction of the error.

If the error was on a check you wrote then you will keep the original check, enter the bank error and then enter a correction.  This will leave a paper trail for anyone to follow and will match your bank statements.

Thank you for using QuickBooks