I'm trying to reconcile a bank account but the beginning balance does not match the statement. Is there any way to correct this amount without making a journal entry?
A bit of context: I've recently transitioned from QuickBooks Desktop to Online, and the previous reconciliation for this account was done on the Desktop version. The bank register in Online for the statement period matches all of the transactions as they appear in the Desktop register. None of my other bank accounts are having this beginning balance issue either. Appreciate any and all help in resolving this, thanks
In case you'd like to make changes in the opening balance in the future, take a look at this article: Edit an incorrect opening balance. The steps listed here are only for those accounts that you're not looking to reconcile yet.
Feel free to leave a comment below if you have additional concerns. I'll be sure to get back to you.