How do I enter adjusting entry for bank charges? Do I make this transaction after bank reconciliation?
Adjusting Entry Quickbooks
When there's only a small amount leftover, QuickBooks lets you create an adjusting entry. This forces your accounts to balance so you can finish your reconciliation. Consider this as an option when you can't find the source of the discrepancy and there's only a small difference.
Enter an adjusting entry
- Go to the Accounting menu and go to the Reconcile tab.
- Reconcile your account.
- After you've reviewed everything for errors, click Start reconciling.
- Select Finish now from the dropdown.
- Click Done.
Hope this is helpful,