Thanks for the quick response, @REN9.
I'm here to help you confirm your opening balance in your QuickBooks Online (QBO).
Yes, your opening balance is correct. And there's no need to worry about your balances in QBO because you're in the right track. For more details, check out this article: Fix issues the first time you reconcile an account in QuickBooks Online. Directly go to Step 2.
Since your QBO balance matches your real-life bank balances, then you're good to go in reconciling the account.
After that, I'd suggest running the Reconciliation Report to review the beginning, ending balances, and other data.
Here's how:
- Go to Reports, then type the said report in the search bar.
- Select the Account for the reconciliation report you want to view.
- From the Report period drop-down arrow, choose the reconcile period.
- Tap View Report.
You can also print and export the report, so you can it outside QBO. For more information, visit this article: How do I view, print, or export a reconciliation report?
For your forthcoming guidance, please hit these pages below about the adding account number on your chart of accounts and other related topics.
The Community and I will be around to help if you need anything else. Keep safe.
