Reconciling credit card statement
A credit card statement has not been reconciled in several years. I show a monthly transfer from my basic checking account, which is reconciled monthly, but have just left it at that. Now I would like to begin reconciling the monthly credit card statement again. Can I make an adjustment entry for 12/31/2022 and just skip forward from my last reconciliation, which was several years ago?
Thank you.
Answers
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That's your decision, it's your finances, but it can certainly be done
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
After ignoring your account for years, I would highly recommend just trusting your bank/credit card company and accepting a balance adjustment to become current. Going forward, I would suggest you run a reconcile on your accounts upon receiving a monthly statement. I very rarely find a bank error or credit card charge that's erroneous, but it's happened in the past.
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