Let's address the discrepancy in your account's opening balance, Louis.
If you're referring to the Opening Balance Equity account on the Trial Balance report, this comprises all the opening balances of your accounts. Thus, the amount won't match a single bank's opening balance.
You can click on the amount to drill down the details.
However, if your bank's opening balance is off, you can modify it by following these steps:
- Tap on Chart of Accounts from the Gear icon.
- Locate the account and select View Register.
- Find the opening balance entry. You can sort the date column to show the oldest entries first.
- Choose the opening balance entry.
- Update the amount.
- Select Save to record the changes.
I'm also adding this material for more tips while managing an opening balance for your bank, credit card, and other accounts: Enter and manage opening balances in QuickBooks Online.
Once done, you can proceed with your reconciliation to match your QuickBooks record and your statement.
You're always welcome to leave a comment if you have further questions while tracking your bank balances and other financial data. I'll be around to help.