The PARENT account DOES NOT have any transaction and DOES NOT have a bank account associated with it. The purpose of the PARENT ACCOUNT is for balance sheet presentation. Each sub account has its own transaction and its own specific bank account.
Both of the sub accounts have been reconciled up to June 30, 2025. It was the parent account which was showing a beginning balance error. Since there is no purpose to reconciling the PARENT account, QuickBooks SUPPORT instructed me to create another ID as an ACCOUNTANT. That way I could undo the reconciliations for the PARENT account which should not have been done in the first place. When I did that, The beginning balance error on the PARENT account is gone but now BOTH sub accounts show a beginning balance error yet they are both reconciled.
