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br1ndlemom
February 18, 2023
Question

Reconciliation

  • February 18, 2023
  • 1 reply
  • 0 views

Recon records were not migrated when converting to qbo.  The account has now not been reconciled for nearly 5 years.  How do we at least reconcile last year with a corrected opening balance

 

1 reply

MariaSoledadG
MariaSoledadG
February 18, 2023

Let me guide you on how to reconcile last year's data with the correct opening balance, br1ndlemom.

 

Before migration, some preparation is needed to make sure everything is set up correctly. Also, QuickBooks Online (QBO) doesn't have the same reports as QuickBooks Desktop. To make sure that reconciliation data is converted successfully to QBO, you'll want to check if all reconciled transactions in the register show an R in the cleared column in QBO. On the other hand, cleared transactions will have a C in the cleared column. 

 

You can go through this article to learn more about how data moves from QBO to Desktop: Learn How Features And Data Move From QuickBooks To QuickBooks Online.

 

However, if you notice that there are issues with the conversion of your reconciliation, you can ask for your bank statement for the specific period so you'll be able to review again your reconciliation transactions. 

 

To know more on how to correct the opening balance, learn from this article for more details: Fix Issues The First Time You Reconcile An Account In QuickBooks Online.

 

Please get back to us if you have further questions about reconciliation. We're here to make sure you'll get the help you need. 

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