I hope you're doing well, btracy.
Let's review your bank statements and compare each transaction with what's recorded in QuickBooks. Make sure you entered everything into QuickBooks. If your accounts are connected to online banking, review and categorize all of your downloaded transactions.
If you've already reconciled an account, here are the reasons why the balance is negative:
- Someone entered an incorrect ending balance at the start of the reconciliation.
- There are missing or duplicate transactions in QuickBooks.
- Someone entered transactions into QuickBooks that haven't cleared your bank yet.
To fix this, you can review the opening and beginning balance. Make sure they're correct. Once you know these are accurate, you can start checking the ending balance you've entered.
Feel free to read this article to learn how to resolve a negative balance: Fix issues at the end of a reconciliation in QuickBooks Online.
Stay in touch with me if you need anything else by commenting below. I'm always glad to help you.
