Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowHi Everyone,
I am new on quickbooks and I started from scratch for 2021 without importing previous year info.
Until now I was using Wave.
I am starting to get around the system but I have one issue with bank reconciliation. I imported my bank statement for January but of course I have transactions for invoices & bills from last year that are not on Quickbooks. What do I do with those transactions knowing that if I delete them it will have an impact on my bank balance ...
Thanks for your assistance
Steph
Solved! Go to Solution.
Welcome to the Community, @StephLux.
I'm here to help ensure you're able to reconcile your transactions for January 2021.
We can exclude these bank transactions from the previous year. Here's how:
You may want to check out this article to learn more about excluding transactions in QBO.
For future reference, read through this article to learn about detailed steps in reconciling your transactions in QuickBooks Online.
Feel free to message again if you need more help in reconciling your transactions. I'm always delighted to get back and help.
Joining the thread to help with your question about bank balance in QBO, StephLux.
You can create a journal entry to make your beginning balance for the start of the year similar to your bank statement. Here's how:
Here's an article about this process for more details: What To Do If You Didn't Enter An Opening Balance In QuickBooks Online.
Let me also share these articles for additional guidance when reconciling your bank:
Please don't hesitate to reply again if you have follow-up questions. We're always here to help.
Welcome to the Community, @StephLux.
I'm here to help ensure you're able to reconcile your transactions for January 2021.
We can exclude these bank transactions from the previous year. Here's how:
You may want to check out this article to learn more about excluding transactions in QBO.
For future reference, read through this article to learn about detailed steps in reconciling your transactions in QuickBooks Online.
Feel free to message again if you need more help in reconciling your transactions. I'm always delighted to get back and help.
Hi Katherine,
Thanks for your answer.
I have just done it, now my questions is how to adapt my bank balance so that it reflects my bank statement ?
Thanks
Joining the thread to help with your question about bank balance in QBO, StephLux.
You can create a journal entry to make your beginning balance for the start of the year similar to your bank statement. Here's how:
Here's an article about this process for more details: What To Do If You Didn't Enter An Opening Balance In QuickBooks Online.
Let me also share these articles for additional guidance when reconciling your bank:
Please don't hesitate to reply again if you have follow-up questions. We're always here to help.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.