Thanks for dropping by the Community, @TinaLCSW.
Let's run some steps to isolate what causes the beginning balance discrepancy. You can run the Reconciliation Discrepancy report to locate the transaction that causes the discrepancy. This report shows cleared transactions that were changed since you last reconciled a particular account. The report can help you when QuickBooks and your bank statement show different beginning balances for the current reconciliation period.
Here's how:
- Click the Reports menu.
- Under Banking, select Reconciliation Discrepancy.
- Select the Account.
- If you find a discrepancy, note the transaction date and the Entered/Last Modified, which will tell you when the change occurred.
To correct the discrepancy, you'll need to undo a previous reconciliation and redo it. For the detailed steps, please see these steps:
- Back up your QuickBooks company file.
- Go to Banking, and then Reconcile.
- Select Undo Last Reconciliation.
- When prompted, select Continue and then OK.
- Close out of reconciliation and open it again.
Once done, reconcile the previous transactions. If you need to review a reconciliation report later on, please see these steps:
- Go to the Reports menu, then select Reports Center.
- Search and open a Previous Reconciliation report.
- Select the account you reconciled, then either Detail, Summary, or Both.
To guide you in managing your books using QuickBooks Desktop for Mac, you may read topics in our QuickBooks for Mac user's guide.
In case you encounter some beginning balance issues, you can check these articles to help you fix reconciliation issues:
To ensure your accounts are balanced and accurate, compare your bank statement with the transactions you've entered into QuickBooks monthly. Read through this article to learn more about this process: Reconcile your account in QuickBooks Desktop.
if you have further questions about reconciliation in QBDT. I'd be more than happy to answer it for you. Have a great day ahead!
