I can think of a reason why your beginning balance shows a negative amount, @eas22487.
It could be that there's an opening balance equity that was entered incorrectly. We can run a QuickReport to find out what's causing this issue. Here's how:
- Go to List and select Chart of Accounts.
- Right-click the affected account and select QuickReport.
- Double-click the negative amount.
Once done, edit the amount or update the transaction that's causing the negative beginning balance. Then, go back to the Chart of Accounts and check if it was corrected.
I've also added an article about the reconcile workflow in QuickBooks. This will provide you guides in reconciling your accounts in QuickBooks to keeps things accurate.
If you have any other questions please let me know. I'm always glad to help any way I can.
