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Level 1

Can someone help me reconcile a year that was entered in as a general journal entry?

I took over a qb account that has never been reconciled.  Luckily, it only goes back to 2012.    Although, Oct. 2012, was entered in as a journal entry.  (They opened a new company in QB and did not merge everything, they just did a general journal entry).  Oct. 2012 also has, in the deposits side of the reconciliation, an opening equity balance.  Nov. 2012 and Dec. 2012 only have the sales (credited) to the bank (debited).  I need to clear this out in order to close 2013 and move on.  Also, there is not an opening balance.  Thank you in advance for any help you might be able to assist me with.

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Best answer 12-10-2018

Accepted Solutions
Level 8

Just take the 10/2012 bank statement and start there with...

Just take the 10/2012 bank statement and start there with reconcile. You may have to enter an adjustment if things are out of whack. But from then on it should be smooth if they kept it up to date.

Its helpful to click the check box at the bottom of the reconcile to limit the transactions to those that occur prior to the bank closing date.

View solution in original post

2 Comments
Level 8

Just take the 10/2012 bank statement and start there with...

Just take the 10/2012 bank statement and start there with reconcile. You may have to enter an adjustment if things are out of whack. But from then on it should be smooth if they kept it up to date.

Its helpful to click the check box at the bottom of the reconcile to limit the transactions to those that occur prior to the bank closing date.

View solution in original post

Level 1

Thank you!

Thank you!

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