Reconciliation in QuickBooks is done to make sure that your account accurately reflects your business transactions. If you have previously reconciled an account but it shows a different balance in the next reconciliation, your account has reconciliation discrepancies.

Reconciliation discrepancies may be caused by one of the following reasons:

  • Previously reconciled transactions have been modified, deleted, or added
  • Reconciliation adjustments (Journal entries, etc.)

Depending on the cause, follow these steps to fix reconciliation discrepancies: