User Support Forum

We have one investment account (#1450) spread out over 14 funds. Our core/cash investment account (#1150) is reconciled separately. The checking/operating account is completely separate (#1110) and doesn't factor into this equation.

My core account balances perfectly.

my investment account, however, does not. It balanced perfectly as of 12/31/09, but something happened during January and I am now $7316.41 off- overstated in PC+. I have accounted for the dividend income and the overall loss, but how could it have gotten so far off in one month? I feel like this should be obvious, but there's nothing on the statement to this effect.

I entered the dividends and the total loss via journal entry, the same way I always do it. I'm really confused. Any thoughts? Should I just do another journal entry as a general "loss" across the funds so I can get it to balance with the statement? Could this be due to incomplete cost basis?

Thanks in advance for any ideas.
Angie

Double check your transactions. It may be that you entered one incorrectly and it added to your asset account rather than subtracting. You may have just gotten the debits and credits reversed.

Also, in your reconciliation window, check your deposits reconciled against the bank statement and then the checks reconciled.

Hopefully, one or the other will be accurate and you will know if you are off in the deposits or in the checks.