Skip to main content
L
L_B1
March 11, 2021
Question

Reconciliation

  • March 11, 2021
  • 1 reply
  • 0 views

I just transferred from one QB online account to another one. In trying to reconcile for the first time on the new account, the beginning balance for 1/31/21 is not accurate so therefore, I cannot reconcile my February bank statement. How do I fix the beginning balance?  All was reconciled in the old account through 1/30/21, so I know that I should be able to start with the beginning balance from this current statement. Thank you for your help.

1 reply

J
JonpriL
March 11, 2021

Hello @L_B1,

 

Let me help share how you can fix the beginning balance of your bank account so you can proceed with the next reconciliation.

 

Normally, it is recommended to review all of your transactions included in all your previous reconciliation to determine why the opening balance is incorrect.

 

With this, here's a couple of articles you can use to determine the method you can use base on the current situation of your bank account and statement:

Additionally, I've also included this reference for a compilation of articles you can use while working with us: Banking for QuickBooks Online.

 

If there's anything else that I can help you with, please let me know by leaving any comments below. I'll be here to lend a hand.

Terms & ConditionsAccessibility statement