Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Solved! Go to Solution.
1. Check for an Opening Balance Equity entry that may have been created when you first connected your account, edit accordingly
2. Make sure there are no missing transactions, and if so, import them into your bank feed, categorize and add them to the account register to be reconciled
3. Make sure you reconcile month-over-month beginning with the first month there are transactions in the register
1. Check for an Opening Balance Equity entry that may have been created when you first connected your account, edit accordingly
2. Make sure there are no missing transactions, and if so, import them into your bank feed, categorize and add them to the account register to be reconciled
3. Make sure you reconcile month-over-month beginning with the first month there are transactions in the register
Thanks. This has been resolved now.
Hi Regina. I just migrated our account from QBD to QBO. I am lost as to where to even begin. I've watched a lot of tutorials and still am overwhelmed. I thought I would start with making sure our account is reconciled. We I attempt to do this, there are transactions all the way back to 2016. I had already reconciled manually my December 2022 statement. Is it possible to use that ending balance as my beginning balance and start fresh in 2023?
Welcome to the Community, mistyeilert1.
To properly identify if you should use your December 2022 ending balance as the current reconciliation's beginning balance, I'd recommend working with an accounting professional. If you're in need of one, there's an awesome tool on our website called Find a ProAdvisor. All ProAdvisors listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.
Here's how it works:
Once you've found an accountant, they can be contacted through their Send a message form:
I've also included a couple detailed resources about reconciling which may come in handy moving forward:
Please feel welcome to send a reply if there's any additional questions. Have a great day!
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.
For more information visit our Security Center or to report suspicious websites you can contact us here