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Buy nowHello there, ECHS.
I appreciate you letting us know the results of the steps you've done. I'll help you correct the beginning balance.
We can fix the beginning balance by creating a journal entry.
First, you need to check that there is no opening balance created.
Here's how:
If there is an opening balance entry, don't go further. Take note of the date and amount. Use your bank statements to make sure the opening balance is correct.
Second, If you verified that there is no opening balance. Meaning you don't have an opening balance on that acount. You can now create a journal entry.
Third, Mark the journal entry as reconciled.
Reconciling the journal entry will prevent it from showing up on future reconciliation.
Here's how:
While creating this, I recommend consulting an accountant to ensure that the reconciliation reports are accurate.
Here's an article you can read through and check on how to view reconciliation reports: View, print, or export a reconciliation report.
I'm always here if you still have questions about reconciliation and or anything else. Have a good one.