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QB beginning balance doesn't match bank statement

Hi,

 

I have deleted an adjusting entry (Reconcile Adjustment) to the bank account, as it was wrong in the first place because entries was missing from the feed.

 

When I try to reconcile the account it says that the balance is off, and when I look at the Audit History of the reconciliation adjustment I am not able to edit the entry.

 

Can someone help me out on this, either on how to reverse it or edit it?

 

Thanks

4 Comments
Anonymous
Not applicable

Re: QB beginning balance doesn't match bank statement

Hello, pfthiessen .

 

You can correct the opening balance by editing it in your register. Here’s how:

  1. Go to Accounting on the left panel.
  2. Select the Chart of Accounts tab.
  3. Locate the account and click View register.
  4. Scroll down until you find the opening balance.
  5. Click the entry and override the amount to correct the balance.  
  6. Click Save. 

For additional information about fixing opening balance, please check this article: https://quickbooks.intuit.com/community/Banking-and-bank-feeds/Fix-an-opening-balance-to-match-a-ban....


This article about fixing reconciliation discrepancy might also help you along the way: https://quickbooks.intuit.com/community/Banking-and-bank-feeds/Troubleshoot-reconcile-when-opening-b....


You’re always welcome to drop by again if you have additional questions about QuickBooks.1.PNG

 

Not applicable

Re: QB beginning balance doesn't match bank statement

MikiD,

 

there is no opening balance, it was 0.00, so I don't think the error is there, and I cannot locate the adjustment entry in the register.

 

Thanks,

 

Moderator

Re: QB beginning balance doesn't match bank statement

Hello pfthiessen,

 

Since you're unable to locate the adjustment entry in your register, you can use the Audit Log to see if it was deleted.


After that you can use the details to reenter the opening balance manually. Let me show you how:

  1. Click the Create (+) menu and select Bank Deposit.
  2. Enter the bank account in the Account field and the deposit date.
  3. Go to the Add funds to this deposit section.
  4. Enter Opening Balance Equity in the ACCOUNT column.
  5. Enter the opening balance amount in the AMOUNT column.
  6. Click Save and close.

You can also use this article for reference: Enter an Opening Balance for a Bank Account.

 

Let us know if you need more assistance with this. We always got your back!

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Established Community Backer **

Re: QB beginning balance doesn't match bank statement

You can't restore a deleted adjustment, but you can get the details from the history and recreate it.

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