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Thank you for posting here in the Community, @usershannon.
There are possible reasons why it's showing a negative amount. The first one is that the opening balance when you set it up is incorrect. Another reason is that there may be duplicate transactions.
When you correct your opening balance, you'll also fix most beginning balance issues. This way, you can start reconciling your account.
To get started, let's first review the opening balance entry in your QuickBooks Online (QBO). Here's how:
Once done, you'll have to compare the balance to your real-life account.
If the opening balance in QuickBooks doesn't match your bank records, edit it:
If your opening balance matches your bank record, you entered it correctly. Then, let's review your account register in QBO.
I'm adding this article for the detailed steps and information: Fix beginning balance issues during your first reconciliation in QuickBooks Online.
You might also want to check out this article to learn more about the reconciliation workflow: Learn the reconcile workflow in QuickBooks.
If you need any additional assistance while reconciling accounts, you can leave a comment below. I'll be sure to get back to you.
I'm back to ensure everything is working fine, @usershannon.
Were you able to fix the negative opening balance equity and proceed with reconciling the account? If you need more clarification on this process, just let me know. I'll be sure to get back to you.
Wishing you all the best.
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