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May 26, 2024
Question

How do I make a journal entry to correct the opening bank balance on reconciliation.

  • May 26, 2024
  • 1 reply
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I incorrectly deleted a $3000.00 check which messed up my opening balance on bank reconciliation. How do I make a journal entry to get the correct starting total to reconcile my account

1 reply

May 26, 2024

Hello there, uneco419. I'm here to provide some help regarding reconciliation. 

 

When reconciling in QuickBooks Online (QBO), it's crucial to have the bank statement at hand for accuracy. If you accidentally deleted a check, you can create a new one, then enter the original check's date and information to ensure it's included in the reconciliation process. This will help maintain the accuracy of your financial records. 

 

Here's how: 

 

  1. Go to the +New icon located in the upper left corner. 
  2. Choose Check
  3. Fill out the necessary information.
  4. Ensure that the date is accurate. 
  5. Once done, press Save and close

 

On the other hand, since you mentioned that you'd want to create a journal entry, it's best to consult your accountant for more accurate results. Kindly follow these steps:

 

  1. Go to the +New icon located in the upper left corner. 
  2. Choose Journal Entry.
  3. Fill out the necessary details. 
  4. Once done, press Save and Close. 

 

For more information regarding reconciliation, visit this website: Enter and manage opening balances in QuickBooks Online

 

Furthermore, you can use this article if you have discrepancies at the end of your reconciliation: Fix issues at the end of a reconciliation in QuickBooks Online

 

Should you need anything, feel free to leave a comment below for us to be notified. We're still here to provide the assistance that you need.