Laurie,

I'm hoping you can provide some direction for our club
regarding reconciliation of accounting errors.

Several months ago our 4 year old club discovered that our
bivio balance vs our scottrade balance no longer agree.
Specifically, our bivio balance is $400.00 less than our
actual funds as represented in our scottrade account.

We don't know when or even which entries that these errors
can be attributed to. Over the course of our clubs
existence, we have had 3 members leave and 2 new members
join.


In preparation for 2011 taxes, we would like to know the
best way to correct this $400.00 error on the books. Is
there a precedent or some guidance you can provide?

Ideally, we could locate the errors and correct them
properly. That has proven to be unsuccessful. Our club
agrees that we just want to begin again with balanced books
and move more carefully forward.

Should this $400 be divided among the entire club in the
reconciliation or should it omit the two most recent
members?

many thanks

Dear Laura,

The best way to find and know how to fix this is to find a point in time when your records did agree and work forward from there to find when the discrepancy occurred and what it is.

Once we know what it is, we'll know better how to fix it.

If you want to email us at support@bivio.com, I'll be glad to look at your records more closely with you.

Thank you for using bivio!

Laurie Frederiksen
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