A pox on my accounting skills.

The BBQ Pit
1

Shit! Why do I always have this problem? I use MS Money to keep abreast of my spending, before that, I used a spreadsheet. Why is it that after a year or so I always see a huge discrepancy between what my bank is telling me and what my digital checkbook is saying?? I make a strong effort to enter every transaction, and when that fails, I download all credits and debits from the bank into Money. And there is STILL a discrepancy?!?! I scan through and look at every single transaction, and they ALL have the little “E” that marks when they have been confirmed by a download from the financial institution. How can 2 different computers hae 2 different answers given the same set of seemingly simple arithmatic? Or am I just a moron?

[pirate face]
ARRRGH! :mad:
[/pf]

2

It’s accrual world.

[sub]Yes, I just made an accounting joke.[/sub]

3

It’s probably because your bank is counting some transaction that hasn’t shown up on your statement yet. That happens to me all the time.

4

Correction. You just perpetuated an accounting joke.

5

Or you’re counting some transaction that never made it to your bank; that happens to me all the – well, it’s happened.

6

I waited 2 weeks one time without writing any checks or buying anything to make sure all checks and transactions had cleared. It probably is some dumbass mistake I’m making, but darned if I can find it.