Bank reconcilations

Hello there, @KaR55. I want to ensure you'll be able to reconcile previous months in your QuickBooks Desktop (QBDT).

In QBDT, you can easily reconcile the previous month by selecting the correct statement date. 

Let's start by creating a backup copy of your file to make sure you have the original data you can restore in case of data loss or damage. 

Once ready, follow these steps:

1. Navigate to the Banking menu and select Reconcile.
2. Next, in the Account menu, choose the account you want to reconcile.
3. From the Statement Date field, select the date from the financial statement you selected.
4. Then, enter the ending balance from your statement in the Ending Balance field.
5. Ensure the amount shown in the Beginning Balance field matches the opening balance of the statement you need to reconcile. If not, refer to Reconcile window beginning balance is zero or incorrect.
6. If applicable, enter the total Service Charge and Interest Earned. 
7. Then, click Continue to open the Reconcile window.
8. Next, select Hide transactions after the statement's end date so QBDT will only display the transactions dated on or before the statement date.
9. Check the box next to each transaction that appears on the financial statement you selected.
10. Look at the Difference amount and make sure that the amount is 0.00, and select Reconcile Now.

For reference, check out this article: Reconcile an account for multiple months or years of transactions and financial statements.

I also recommend reaching out to your accountant before performing the process. This is to ensure you'll be able to categorize the transactions correctly and avoid messing up your books. If you're not affiliated with one, you can use our Find an Accountant tool to look for one near you. 

I'll include this helpful resource that you can access to have a guide in fixing reconciliation issues you might encounter: Fix issues when you're reconciling in QuickBooks Desktop. 

If you have any other concerns about reconciliation, please don't hesitate to leave a reply below. I'd be happy to provide additional assistance. Have a good one and keep safe. 

Thank you, Divina_N for responding to my question, but I was not able to make any progress.  After I enter the statement date (01/31/2022), the beginning balance corresponds to the last reconciliation I did which was 12/31/2022, and obviously, I'm not able to change that balance/number.  How do I edit the beginning balance number?  Again, thank you very much!