Bank reconciliation begining balance for March does not equal ending balance for February but I know why. need to know how to fix it.

LKornos · ‎April 03, 2020

My beginning balance for March does not match the ending balance for February. on 3/9/2020 I deleted the 1/24/2020 deposit for 90,000.00 for a loan that hit our account on 1/24/2020 . then made a journal entry dated 1/24/2020 to show the total amount borrowed was $100,000.00 with only $90000.00 going to the bank and $10,000 going to loan costs.

My beginning balance should be $80151.09 and it is showing a negative $9848.91. Diff of the $90000.00

how do I fix this??

please help. I am attaching the discrepancy report AND the page that appears when I reprint Feb's bank rec. Thank you for your assistance Laurie Kornos ATL Total Car Care [removed] and [email address removed]

ShiellaGraceA · ‎April 03, 2020

Hi @LKornos,

You can go back to your bank register and manually reconcile your journal entry to correct your beginning balance. Let me walk you through the steps.

Go to Lists, then Chart of Accounts (CTRL+A).
Double-click the account in question, then open the journal entry.
Put a check mark in the Reconcile column to mark it as reconciled.
Tick Yes when prompted. Make sure to see if you already have the correct ending or beginning balance.
Then, hit Record.

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I'll be around if you have other questions or concerns. Please don't hesitate to reach out anytime. Thanks for dropping by the Community and have a nice day ahead.

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Bank reconciliation begining balance for March does not equal ending balance for February but I know why. need to know how to fix it.

Bank reconciliation begining balance for March does not equal ending balance for February but I know why. need to know how to fix it.

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