User Support Forum

We have $414 more in our bank than is reflected in the software. (A good thing) Trying to find this is like looking for a needle in a haystack. Is there a year end adjusting entry I can make that will bring these accounts in sync without throwing something else off?

We once had a post master as our administrative book guy. He always said that a reconcile error that is divisible by 9 is usually a transposition of two digits that differ by the amount you are finding. Something like $1608 and $1068, although this doesn't quite fit $414.

Short of that, if you absolutely have to make a correction entry, I usually have to notify the board, and then make an entry for misc income or misc expense. In this case, it would be misc income.