The beginning balance, the account’s total at the start of the period you’re reviewing, should be treated like a checkpoint. This is the amount that let’s you know that you’re starting with accurate information.
This page will take you through how to fix issues with your beginning balance when reconciling an account for the second or more time.
Before you start
Consider if you've reconciled this account before.
- If not, here's how to fix issues the first time you reconcile an account.
- If you're entirely new to the process, you might want to start with our reconciliation guide.
- If you have, you’re in the right place and you can continue with the steps below.
Once you know your beginning balance is correct, you can start reconciling your account.
If you’ve still got questions, your accountant will be able to steer you in the right direction. We can also help you find a ProAdvisor if you don't have one.
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