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Level 1

I can't get checking account to balance correctly. My beginning balance is wrong?

 
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QuickBooks Team

I can't get checking account to balance correctly. My beginning balance is wrong?

Good afternoon, @ rketzenbarger.

 

Thank you for reaching out to the Community.

 

To fix an incorrect bank balance, you can run several reports to find the cause of the wrong balance:

 

You can run an Audit Trail report by:

  1. Click on Reports menu, then select Banking and go to Previous Reconciliation.
  2. Choose the appropriate account being reconciled.
  3. Pick the most recent statement date. Select Transactions cleared at the time of reconciliation, then Display.
  4. Note the statement and the reconciliation creation date.
  5. Go to the Reports menu, then click the Accountant & Taxes > Audit Trail.
  6. Set the Account filter to the account is reconciled.
  7. Go to the Display tab. Set the Date filter with the From field blank and the To date set to the statement date.
  8. Select OK.
  9. Set the Entered/Modified filter with the From date set to the previous reconciliation creation date from the PDF, and the To field as today's date.
  10. See if any of the transactions in the report can account for the discrepancy.

 

For more detailed info about fixing incorrect balances, you can refer back to this article: Fix beginning balance issues in QuickBooks Desktop.

 

If you have any more questions, please don't hesitate to hit the Reply button. Have a safe and productive week ahead!

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