fixing balances

Hi amc62,

I'm here to help you fix the beginning balance so you can reconcile the transactions.

Since the account you want to reconcile has transactions, we'll have to create a journal entry to enter the beginning balance.

Here's how:

1. From the Company menu, select Make General Journal Entries.
2. Change the date to the correct statement date of your beginning balance.
3. Select the account you want from the Account drop-down.
4. Enter the correct opening balance in the Debit column.
5. Select Opening Balance Equity and then select Save.

From there, we'll have to reconcile the transactions starting from the month of January. Below are the steps to do so:

1. Select Reconcile from the Banking menu.
2. Select the account you want to reconcile from the Account field.
3. Enter the statement date (January) and ending balance that matches your Journal Entry. (You can use your bank statement for January to enter your ending balance).
4. Click Continue.
5. In the Deposits and Other Credits window, select the Journal Entry.
6. Select Reconcile Now.

Afterward, you can continue reconciling for the month of February, then March, and so on. Since you have multiple accounts to reconcile, we'll have to reconcile them manually. I've added this article as your guide in reconciling the entries: Reconcile an account in QuickBooks Desktop.

I'm always around whenever you have concerns about reconciling transactions.