Hi maags1950-gmail-,
If you have previously reconciled your bank account, the beginning balance of your current reconciliation is the ending balance from your last bank reconciliation. If the beginning balance is incorrect, you will have to undo the previous reconciliation as there might be changes made to the transactions after a reconciliation was processed.
Here are a few things to remember when doing bank reconcliation:
- Review the original opening balance
- Check your bank statement
- Find and categorise downloaded transactions
- Review any discrepancy reports
Furthermore, I would recommend running your reconciliation report to verify the previous reconciliations made. Here's how:
- Go to Reports.
- Type Reconciliation Report in the Find report by name search bar.
- Select Reconciliation Reports.
- Select the Account for the reconciliation report you want to view.
- From the Report period drop-down arrow, choose the reconcile period.
- Select View Report.
You can check this article to learn more about: Fix issues with your beginning balance for accounts you've reconciled before.
Post again in the Community if you have further concern about your bank reconciliation. I'll be around to help you.
