Perhaps third time will be the charm. I have had two reasonable answers to my question about establishing a beginning balance for my company account but neither has worked. My first general journal entry is for $236,183.26 which is the amount with which I opened my Quickbooks Company. The amount shows up in my check register but nowhere else. I will attach two screen shots (if I can) of the windows which show up whenI go to "reconcile" for the first time. On one I have the correct ending balance per my bank statements and records as of 10/31/19 (93,793.61) but the opening balance shows $8590.20 as a beginning balance. Where did that number come from since this is going to be my first reconciliaton? The second window when I said that as of 10/18/19 my ending balance was my General Journal entry of $236,183.26 was even odder it says -$99,538.06? The screen now says that I am in the minus numbers. Is there someone behind the scenes here doing these numbers? I know it is something I am doing or not doing, but as you can see, I need serious guidance. Any help most welcome.
To review this further, you can run a quick report of your bank account, then set the date to All. This way, you'll be able to locate the initial opening balance transaction added when setting up QuickBooks.
Select Chart of Accounts from the Lists menu.
Look for the account, right-click then click QuickReport.
Set the date to All.
Just in case you have any need tips while working with QuickBooks, feel free to download our Mac user guide.
Get back to me if you have any other questions. I'm always here to help. Have a good day!