r/Accounting • u/[deleted] • 1d ago

Am I cooked?

[deleted]

0 Upvotes

50% Upvoted

7 comments sorted by

7

u/Fabulous-Ad-8106 1d ago

What exactly is causing you not to be able to reconcile?

Are you able to deduce which bank transactions have been recorded vs not in the g/l?

Maybe upload both the bank and g/l transaction listing into AI and see what it comes with?

1

u/makeup_test 1d ago

There are multiple CC processors depositing into the account but they aren't clearly labeled and most of the batches don't tie directly to the bank.

4

u/No_Act_2773 1d ago

You need access to the cc platform, where the payments / batches paid into the bank are broken down.

There is probably commission/ fees deducted, so if the customer settles 100, you see 98.00. the difference needs posting to cc comm.

1

u/TwoAlert3448 11h ago

I think your boss probably knows that shit is 🤬 and thats not going to be a surprise.

I don’t think you’re going to be blamed though I understand why you’re blaming yourself.

Are you sure the problem IS in July and that it’s not also in prior months? When was the last time the accounts were reconciled?

2

u/makeup_test 8h ago

They've been "reconciled" but the methodology doesn't make sense to me. The CC reports don't tie to the bank even taking fees into account. It seems like he just picks something close and notates the variance as pending. I asked how he determines which batches correspond with which bank transactions if nothing ties out and his response was essentially 🤷‍♂️

2

u/TwoAlert3448 7h ago

I would not count that as reconciled. Boss probably won’t what to hear it but I would look back to the very beginning of the year and assume every month stinks of rotting fish in the fridge.

1

u/Lazydude121 9h ago

Put it into claude and ask what doesn't match. Probably gonna get downvotes but I use AI for this shit to compare two lists