QuickBooks Reconciliation Discrepancy refers to inconsistencies between your bank statements and QuickBooks records during the reconciliation process. Common causes include duplicate transactions, missing entries, or incorrect amounts. Identifying and resolving these discrepancies is crucial for accurate financial reporting. To fix them, compare transactions line-by-line, correct errors, and ensure all transactions are recorded. Regular reconciliations help maintain accurate financial data, aiding in better financial decision-making and ensuring your records align with actual bank activity. For persistent issues, consult QuickBooks support or a certified professional for assistance at 1.855.409.2300.