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Ismail2
Level 1

Bank reconciliation ending/beginning balance don't match

Need some help.

 

The last reconciliation I have in my co. QB was done at end of June 2018.

I want to do a bank reconciliation for jan and Feb 2019.

Is this possible in the system?

1 Comment 1
JessT
Moderator

Bank reconciliation ending/beginning balance don't match

Hi Ismail2,

 

This would be possible if you have no transactions between June 2018 and January 2019. If you have, you'll want to reconcile them first to correct the Beginning Balance of your January reconciliation.

 

The Beginning Balance is the account balance on the last reconciled transaction in your bank register. To update this balance, you'll want to reconcile from July to December. That way, the account balance on the last reconciled transaction in December will become your Beginning Balance in your January reconciliation.

 

You can open this article for additional reference: About Beginning Balance Discrepancies

 

Feel free to post again if you have questions.

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