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I'm trying to get all of my accounting straight for 2022, and I'm running into a problem with my main checking account. When trying to perform the first reconciliation, my beginning balance is wrong. The beginning balance is showing -199.57 in the reconciliation window, and since it is the first reconciliation of the account, it can't be changed.
The account will not let me edit the opening balance in the edit account window. There is no "Opening Balance Equity" entry in the register, nor are there any journal entires adjusting the opening balance. Am I missing something simple?
Thank you for providing the complete details of your concern, @travesty. I'll be here to walk you through every step of the way to fix your opening balance in QuickBooks Desktop for MAC.
Reconciliation Discrepancies are caused by modified transactions and adjustments from previous reconciliation. We can review reports to determine the transaction that's causing the problem.
Beginning balance issues in QuickBooks Desktop (QBDT) may be due to one of the following reasons:
To isolate this, let's run your Reconcile Discrepancy report and locate what causing the discrepancy. I'll show you how.
You can also pull up a Bank Account QuickReport or Audit Trail Report to locate the discrepancy or transactions that may have been cleared or uncleared unintentionally. To be guided, check out this article: Find reconciliation discrepancies (Mac).
Once you identify a discrepancy, you need to make the necessary corrections. If you need additional assistance about this, please consult your accountant. This way, we can ensure your account is well accounted for after making these changes. If you don't have one, you can visit our ProAdvisor page and look for one from there.
Once everything is in place, feel free to read this link for reference in reconciling your accounts flawlessly: Learn the reconcile workflow in QuickBooks.
Feel free to add a post or comment below if you have any other reconciliation concerns, I'll be always here to help you. Have a great day ahead!
Thanks for your reply. After running the report, I show one transaction for the account in question for the amount that is causing the problem. The transaction is a check that is showing deleted. It is not in the account that has the incorrect balance or the account that it was paid for. Hope that makes sense...
How can I find the transaction in question?
Hi there, @travesty.
I'm glad you found the data that causes the issue on your reconciliation. I'm here to help you locate the transaction that shows as deleted in QuickBooks Desktop for Mac.
Missing or deleted checks might be causing a discrepancy in the ending balance of your reconciliation. We can run the Missing Checks report to find the missing data.
Let's perform these steps:
Additionally, we can generate a Transaction Detail Report to assist you in confirming the transactions that are modified.
Here's how:
I'm also adding this article if you encounter data issues within your QuickBooks Desktop for Mac: Resolve Potential Data Issues in QuickBooks.
Once again, thank you for visiting us today. I'm happy to assist if you still need to achieve tasks before the year ends. Happy holiday.
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