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I have made a mistake with the beginning balance so I can not reconcile my bank account. I have found the transaction in the audit function. How do it fix this?

 
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I have made a mistake with the beginning balance so I can not reconcile my bank account. I have found the transaction in the audit function. How do it fix this?

There are different cause for incorrect beginning balance, Lionwood.

  • Changes in the amount of a reconciled transaction. 
  • Deleting previously reconciled transactions. 
  • Modifying the transaction's status in the register. For example, from reconciled (R) to cleared (C) or neither (blank), or when an unreconciled entry was changed to reconciled (R).
  • Someone entered an incorrect opening and ending balance for the account at the start of reconciliation.
  • There are missing or duplicate transactions in QuickBooks. 
  • Someone entered a transaction in QuickBooks that hasn’t cleared the bank yet.

Different resolutions are provided to resolve the beginning balance discrepancy. Read through these articles and follow the instructions given depending on your situation: 

If you have further questions in reconciling accounts, please feel free to leave a reply. I'm always here to help.

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