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My client downloaded transactions into QB going back to October but we needed it to start 1st December. Therefore the transactions up to 1st December were excluded from the bank feed. Now we need to do our first reconcile but the opening balance is wrong. I assume because it was the opening bank balance from October. How can I get the opening bank balance to show as per the bank statement from 1st December?
When I look at the register I cant even see an opening balance. Again I assume because the transactions from October were excluded
Solved! Go to Solution.
I've got you covered, Siobhanblann.
I'm by no means an accounting professional, but I do have some insight and resources to provide that can help get you on the right track.
You've got it right. Since the transactions from the previous months were excluded, it would result in the opening balance being incorrect. A quick and easy way to fix this is to look for the Opening Balance entry in the bank's register and edit it to the correct amount.
To edit a wrong opening balance
I'm also including some resources that pertain to your scenario for further assistance:
Let me know if there's anything else I can do to help you succeed with QuickBooks. Thanks for reaching out, wishing you all the best!
I've got you covered, Siobhanblann.
I'm by no means an accounting professional, but I do have some insight and resources to provide that can help get you on the right track.
You've got it right. Since the transactions from the previous months were excluded, it would result in the opening balance being incorrect. A quick and easy way to fix this is to look for the Opening Balance entry in the bank's register and edit it to the correct amount.
To edit a wrong opening balance
I'm also including some resources that pertain to your scenario for further assistance:
Let me know if there's anything else I can do to help you succeed with QuickBooks. Thanks for reaching out, wishing you all the best!
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