Accounting Question

[qos]

For once, the transaction register on my Palm and the online listing for my bank are exactly in accord on what I've done with my money lately. There's nothing on my Palm that doesn't show as cleared on my account, nothing on my account that isn't listed in my Palm. I just balanced my account, and have been doing so religiously for the past several months.

So why is there a $50+ discrepancy (in my favor) in the two accounts? My bank balance shows that I have more money than I think I do, with nothing outstanding.

Should I adjust the balance in my Palm register? $50 is a significant amount of money: a couple of credit card payments or fill-ups of my gas tank, or an evening out with my daughter. Or do I leave the discrepancy and use it as a buffer?

Or give it a few more days to see if things stay in synch?

Comments

Wait a few days.

[http://users.livejournal.com/_storyteller_/]

The bank might have made an error.

[a-belletrist.livejournal.com]

As an ex-Banker, my advice is to leave it alone until you get your next statement. Any corrections to your account by the bank will be reflected on there. There are any number of reasons for it ... such as you deposited a check for a certain amount, and later the bank discovered it was really for $50 more, unbeknownst to you, or some one credited back something to your debit card (if you have one), and it's just now kicking in.

Could be any number of things ... but hold off on deciding what to do with it until you can review your statement. The answer is on there somewhere, it always is.