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G
gmeco
June 30, 2022
Question

Problem reconciling CC account

  • June 30, 2022
  • 1 reply
  • 4 views

Hello,

 

I recently imported information from my old desktop QB to QBO. I have an issue with the opening balance of the CC account. The CC account was opened in June 2018 and the very first transaction made was June 4, 2018. However, it shows a large negative balance that supposedly exists before this date. I tried adding an opening balance entry for $0.00 but it didn't change anything. I'm not sure what the problem is. I have attached pictures.

 

 

1 reply

G
gmecoAuthor
June 30, 2022

G
gmecoAuthor
June 30, 2022

 

When reconciling the very first bank statement it says the beginning balance is $7510.11 despite there being no transactions before this first bank statement. I don't know where this amount is coming from or how to fix it.

Fiat Lux - ASIA
Fiat Lux - ASIA
Level 14
July 1, 2022

Hi,

 

I found the opening balance equity, changed the date and amount. The beginning balance is still not accurate and reconciling the first bank statement still does not go to $0.


@gmeco 

Have you compared the trial balance between your data in QBD and QBO?

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