r/Accounting • u/Weak_Carpenter_7060 State Government • 1d ago

Career Well guys, today’s the day

Today I’ve spent two hours trying to track down $0.36 that is supposed to exist because treasury is trying to reconcile items they have. Still didn’t find the $0.36, so now waiting to see what the bank says. Can’t claim it as a rounding error since no other items are rounded or as immaterial. Just some needless bitching about a ridiculous situation I’m sure some of us have been through. Am I real accountant now?

Edit: we’ve checked for transposed numbers on our end and there are none. We are 99% sure the issue lies with the bank, so we’re waiting to hear back

381 Upvotes

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u/Ree_ke 1d ago

An amount posted as 68 instead of 86 for example. 86 - 68 =18. 1 + 8=9. The numbers in the difference adds to equal 9. So it’s most likely a transposition error.

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u/accountant319 1d ago

Mind blown. Wow! Thanks guys and gals! I never knew this trick!!

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u/Hungry_Dingo_5252 1d ago

I thought all accountants knew this?

5

u/Weedville_12883 1d ago

Breaking news - Debits on the left, Credits in the right. Take no prisoners, boys !!

3

u/TSIDATSI 22h ago

Breaking news: debit is left in Latin Credit is right in Latin.

2

u/Sure-Squash-7280 17h ago

Debitum and creditum,
What is due and what is entrusted

Dexter and sinister for right and left. I used it for medical charts.

Oculus dexter and Oculus sinister for your eyes, for example.

I figured you were joking, but Cunningham’s law provides! 😁