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I linked my PayPal account to my QuickBooks but the beginning balance did not appear, How can I add the beginning balance? I can't reconcile if the beginning balance isn't on QuickBooks.
Hello there, mayrag2013.
When you add your PayPal account to QuickBooks Online, you'll need to select a day for you to start tracking your transactions and manually enter your real-life bank balance. You likely missed adding the balance reason for it not to appear.
Make sure you don't have an opening balance on your register. Here's how:
If there's an opening balance entry, don't go further. Just take note of the date and amount. Then, refer to your bank statements to ensure the balance is accurate.
If not, record the date and amount of the earliest transaction in the account by creating a journal entry (JE).
Finally, let's mark the JE as reconciled to prevent it from showing up on a future reconciliation:
That should do it! You can continue balancing your accounts in QBO.
Feel free to explore our banking help page for more useful tips and video tutorials.
You can always get back to us if you need more assistance regarding banking or QuickBooks. We'll make sure to respond as soon as we can. Take care!
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