The initial beginning balance entry
Perhaps third time will be the charm. I have had two reasonable answers to my question about establishing a beginning balance for my company account but neither has worked. My first general journal entry is for $236,183.26 which is the amount with which I opened my Quickbooks Company. The amount shows up in my check register but nowhere else. I will attach two screen shots (if I can) of the windows which show up whenI go to "reconcile" for the first time. On one I have the correct ending balance per my bank statements and records as of 10/31/19 (93,793.61) but the opening balance shows $8590.20 as a beginning balance. Where did that number come from since this is going to be my first reconciliaton? The second window when I said that as of 10/18/19 my ending balance was my General Journal entry of $236,183.26 was even odder it says -$99,538.06? The screen now says that I am in the minus numbers. Is there someone behind the scenes here doing these numbers? I know it is something I am doing or not doing, but as you can see, I need serious guidance. Any help most welcome.