I'm here to help correct the opening balance so you can reconcile the next month's statement, mgbdc.

Each time you start reconciling an account, you review the beginning balance in QuickBooks. It's the amount in the account at the beginning of the time period you're reviewing.

The beginning balance amount should match what's on your bank statement for the same start day. That being said, you can fix the opening balance by entering the balance of your real-life bank account.

You need to set the opening balance at the beginning of a bank statement. Then follow these steps to review it:

1. Select the Accounting menu, then select Chart of Accounts.
2. Find the account on the list.
3. Select View register.
4. Search for the opening balance entry. It should have "Opening Balance Equity" in the Account column.
5. Take note of the date and balance.
6. Next, you need to compare the opening balance with your real-life account.
7. Sign in to your bank's website, or find your bank statement.
8. Check the account's balance for the same day as the opening balance in QuickBooks.
9. Compare the two balances.

If the opening balance in QuickBooks doesn't match your bank records, here how to correct it:

1. In QuickBooks, select the opening balance entry to expand the view.
2. In the Deposit column, edit the balance so it matches your bank records.

If they match, you can proceed to Step 3 in this article: Fix issues the first time you reconcile an account in QuickBooks Online.

Once you fix the opening balance, you can start reconciling the next month's bank statement.

Let me know if you have a follow-up question by commenting below. I'll be around to help reconcile your bank accounts in QuickBooks.