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Level 2

Beginning balance is negative for first month of reconciliation

I just had to undo a years worth of reconciliations - so now the account has never been reconciled. When I go to re-reconcile I'm seeing a negative beginning balance on the initial reconciliation screen. However, when I go to my bank register for that account, the opening balance/deposit matches the bank exactly. There are no other expenses in the register prior to the date of the opening balance entry that I see in the register.  And this is the first month the bank account is needing to be reconciled. Is there somewhere else I should be looking for this transaction that is throwing off the opening balance off?

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QuickBooks Team

Beginning balance is negative for first month of reconciliation

Hi there, eas22487.

 

I've checked your post and found out that you've posted the same question twice. The duplicate was already answered by my colleague ReymondO. You can refer to this link to view his answer: https://quickbooks.intuit.com/learn-support/en-us/banking/re-there-usually-is-an-opening-balance-ent....

 

We're always available here and ready to help. Please don't hesitate to visit us again if you need assistance in reconciling your accounts.

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