cancel
Showing results for 
Search instead for 
Did you mean: 
tcr4ever39-gmail
Level 2

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts. So, I changed it from the Main account to the subaccount. Now when I go to reconcile my checking account it says that my beginning balance is off by the amount of the check where I had edited from the Main account to the subaccount.  How do I fix this?

 

Solved
Best answer June 19, 2024

Best Answers
JamaicaA
QuickBooks Team

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

You only need to reconcile the parent account, tcr4ever39. I can help you adjust the amounts so that you can finish reconciling your account.

 

Subaccounts are linked to the Parent account, and their combined balances affect the overall bank balance of the parent. However, the combined balances of the Subaccounts do not align with the Parent account due to the inclusion of transactions made within the main account.

 

Please also review the Check you transferred from the Main account to the Subaccount. Confirm that details such as the transaction date are accurate and posted to the correct subaccount. The status should also not be R (reconciled) on the register.

1.png

 

Additionally, selecting a subaccount to reconcile will only show the transactions under it. In this case, ensure you pick the Parent account and verify that your ending balance amount is precise. To do this, follow these steps:

 

  1. Go to the Gear icon at the top and select Reconcile (Take me there).
  2. From the Account ▼ dropdown, choose the  Parent account.
  3. On the Reconciliation window, click Edit info.
  4. Review the Ending balance and Ending date.
  5. Check your bank statement. Make edits as needed.
  6. Hit Save.

 

If you'd like to change an existing account into a subaccount, refer to this guide: Create subaccounts in your chart of accounts.

 

It's always a good idea to practice this regularly. This way, you can monitor income and expense transactions, including identifying potential errors. Here's an article for more resolutions: Fix issues at the end of a reconciliation in QuickBooks Online.

 

You're always welcome to post a reply if you have follow-up questions about reconciling accounts in QuickBooks. It's my pleasure to keep your financial data accurate. Take care.

View solution in original post

4 Comments 4
JamaicaA
QuickBooks Team

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

You only need to reconcile the parent account, tcr4ever39. I can help you adjust the amounts so that you can finish reconciling your account.

 

Subaccounts are linked to the Parent account, and their combined balances affect the overall bank balance of the parent. However, the combined balances of the Subaccounts do not align with the Parent account due to the inclusion of transactions made within the main account.

 

Please also review the Check you transferred from the Main account to the Subaccount. Confirm that details such as the transaction date are accurate and posted to the correct subaccount. The status should also not be R (reconciled) on the register.

1.png

 

Additionally, selecting a subaccount to reconcile will only show the transactions under it. In this case, ensure you pick the Parent account and verify that your ending balance amount is precise. To do this, follow these steps:

 

  1. Go to the Gear icon at the top and select Reconcile (Take me there).
  2. From the Account ▼ dropdown, choose the  Parent account.
  3. On the Reconciliation window, click Edit info.
  4. Review the Ending balance and Ending date.
  5. Check your bank statement. Make edits as needed.
  6. Hit Save.

 

If you'd like to change an existing account into a subaccount, refer to this guide: Create subaccounts in your chart of accounts.

 

It's always a good idea to practice this regularly. This way, you can monitor income and expense transactions, including identifying potential errors. Here's an article for more resolutions: Fix issues at the end of a reconciliation in QuickBooks Online.

 

You're always welcome to post a reply if you have follow-up questions about reconciling accounts in QuickBooks. It's my pleasure to keep your financial data accurate. Take care.

tcr4ever39-gmail
Level 2

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

Hi JamicaA,

 

Thank you for providing the solution.  I see that the transaction which had been previously reconciled, was listed as not being reconciled.  I changed it back to reconciled and my beginning balance was fixed.  

 

Thanks again, 

Tom

JorgetteG
QuickBooks Team

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

I'm delighted to hear that the information shared was able to address your concern, Tom. Our primary goal is to offer you the necessary assistance at all times.

 

Please don't hesitate to reach out if you require further assistance or have any concerns related to QuickBooks. We are always available to offer you the essential support and help.

tcr4ever39-gmail
Level 2

Checking subaccounts not totaling Main account. I saw where one my checks was drafted against the main account instead of one of the subaccounts.

Thank you for your help.

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us