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Connect with and learn from others in the QuickBooks Community.
Join nowHello,
I have an issue with an incorrect beginning bank balance.
The bank was previously correctly reconciled up to June 30, 2019. During the July 31, 2019 reconciliation, the beginning balance was out by $7467.30 due to a journal entry being deleted. On top of that, whoever completed the July 31, 2019 rec entered the beginning balance of the statement into the ending balance of statement.
I have gone an undone the July and the June 2019 reconciliations but my beginning balance is still out and the amount it is out by is $97,454.48.
Can someone provide some insight on how to correct the bank balance to correctly reconcile moving forward?
Thanks in advance.
I can help you fix this beginning balance, @bryanna4494.
You can correct this bank balance by recreating the deleted, voided or changed the amount of a previously cleared transaction that caused the discrepancy.
To help you find these transactions, run the Reconcile Discrepancy report and Previous Reconciliation report.
Run the Reconcile Discrepancy report:
This report provides a list of transactions that were changed since the last reconciliation.
Run a Previous Reconciliation report:
Here's more information on how to fix the issues you've encountered when reconciling your account: Fix issues when you're reconciling in QuickBooks Desktop.
Let us know if there's anything that you need. We're always here to help you in reconciling your account.
Thanks for this. I found that it was actually due to a payment being reported more than was actually received.
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