I'll help you fix your beginning bank balance concern in QuickBooks Online, PQ1. Allow me to include the detailed process for your convenience.
Beginning balances are added to the system when connected to bank feeds or entered manually upon setting up your bank account in QuickBooks Online.
In your case, let's double-check the opening balance of your account since the beginning balance in QuickBooks doesn't match your actual statements. Here's how:
- Head to the Gear icon, then Chart of accounts.
- Locate the account from the list and click View register.
- Look for the opening balance entry, which has Opening Balance Equity in the Account column.
- Please remember the date and the balance.
After that, please refer to Steps 2 and 3 in this article to verify the amount and review your account register: Fix issues the first time you reconcile an account in QuickBooks Online.
On the other hand, you might want to scan this resource for guidance on reviewing your transactions to keep your record accurate: Reconcile an account in QuickBooks Online.
Please utilize the Reply button to inform me on this thread if you have additional questions about correcting your beginning balance in QuickBooks Online. I'm always right here to help.
