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missmolly0528
August 22, 2023
Question

reconciling

  • August 22, 2023
  • 1 reply
  • 0 views

I have a set of books I am trying to clean up for someone.  The previous bookkeeper never reconciled the bank accounts.  Is there a way to avoid having to go back and reconcile 2021 and start at 2022? I am trying to clean these books for the accountant. 

1 reply

M
mv32
August 22, 2023

Let me help you reconcile an account for the first time when the beginning/opening balance is off, @missmolly0528.

 

The balance will be off if you reconcile starting in 2022. In your case, I suggest reviewing your opening balance in QuickBooks. Seldom the opening balance doesn't include transactions that were still pending when you added the account. Remember that the opening balance is the balance of your bank account on the day you choose to start tracking.

 

You can follow the detailed steps from this article: Fix issues the first time you reconcile an account in QuickBooks Online.

 

To know more about the system's account reconciliation workflow, I suggest checking this resource: Learn the reconcile workflow in QuickBooks. 

 

Please leave a comment if you need more assistance with reconciling an account. I'll be here to help. Take care always, Miss Molly.

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