Starting a new company file - what to do with transactions that took place after the company start date but before the reconciliation beginning date of the account?

rcbk · ‎March 27, 2021

Hello,

We just migrated to Quickbooks Desktop and chose the day to start tracking transactions to be the first day of the month. Some banking accounts statement dates match that, other do not and start their statement period on the 5th, 15th etc. When creating the accounts I entered the beginning balance and the beginning balance date that matched up with the bank statement, ie $500 on the 15th, not the actual account balance on the 1st - otherwise reconciliation tool would show the wrong beginning balance/date.

Is there a way to handle these unreconciled transactions from the 1st to the 15th?

Maybelle_S · ‎March 27, 2021

Hello there, @rcbk.

I can see here that you've posted a question twice, I already responded and shared solutions to this issue. You can browse this link: https://quickbooks.intuit.com/learn-support/en-us/banking/starting-a-new-company-file-what-to-do-wit....

You can also visit this article for any bank questions: Banking.

Don't hesitate to drop a comment below if you have other questions. I'm always happy to help. Take care.

rcbk · ‎March 27, 2021

Thank you ! I posted multiples by accident - not sure how to delete them

Maybelle_S · ‎March 27, 2021

Thanks for coming back to us, @rcbk.

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Here's how:

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Also, I encourage checking our Help articles page to learn some tips and tricks in managing your QBDT account. From there, you can read great articles that can guide you through the steps by steps process.

Please let me know in the comments below if you have any additional questions about your QuickBooks Desktop account. I'll be around to help you out again. Take care.

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Starting a new company file - what to do with transactions that took place after the company start date but before the reconciliation beginning date of the account?