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Level 1

QB beginning balance doesn't match bank statement

I'm a QB newbie :) I deleted a cleared deposit from September.  I realized what I did and entered the deposit again.  Now that I'm ready to reconcile this month, my beginning balance is off that exact amount and doesn't match my bank statement. I looked up how to "fix the discrepancy", it says to go in and re-enter any transactions that were deleted, changed, etc.  Well, I did that right away on the same day I deleted the transaction.  Please help!

Solved
Best answer 12-10-2018

Best Answers
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Anonymous
Not applicable

QB beginning balance doesn't match bank statement

Your beginning balance is the sum of your cleared transactions.  If you delete one, then it changes.

That's OK, though, as long as you enter the correct ending balance and then check off the replacement transaction as you reconcile.  Then the ending reconciled balance will be correct, assuming all other things on the statement match.

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4 Comments
Highlighted
Anonymous
Not applicable

QB beginning balance doesn't match bank statement

Your beginning balance is the sum of your cleared transactions.  If you delete one, then it changes.

That's OK, though, as long as you enter the correct ending balance and then check off the replacement transaction as you reconcile.  Then the ending reconciled balance will be correct, assuming all other things on the statement match.

View solution in original post

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Level 1

QB beginning balance doesn't match bank statement

That worked!  Thank you for your help!!
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Level 1

QB beginning balance doesn't match bank statement

Will my beginning balance next month be correct or will I always have to change it?
Highlighted
Anonymous
Not applicable

QB beginning balance doesn't match bank statement

The only reason you should ever have to change it is if you reconcile and then you edit or change any reconciled transactions.  If you don't so that, then the ending balance this reconcile will always be the beginning balance on the next reconcile.

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