Quickbooks Reconciliation Problem - What to Do if Your Beginning Balance is Wrong

This happens often when users start off with Quickbooks and have either never reconciled a bank account or credit card account. They go in to reconcile for the first time and the beginning balance is off!

It also happens when changes are made to transactions that were previously reconciled.

This video shows you how to spot them easily and fix them so you can reconcile easily!

[ameralgram]

Hi
I have a business since 2018. I never did reconcile. What is the easy and best why to start doing reconcile for the checking account? The problem is how can I put the Beginning balance with out going back to the previous years?

[muinmdugommd]

uick question: when reconciling my business checking account, QB tells me that one tansaction ws deleted, which is a credit card payment from the checking account. But that transaction is there and reconciled in the checking and credit card ledger! Any explanation?

[hamiddurani]

Thank you for the video, but the begining balance in my QB is zero however there is no previous reconciliation, plz guide me to how to figure this problem out?

thanks

[TheLOLSquad]

is it possible, when setting up your bank info on a fresh version of quickbooks, to put in the beginning balance as one from 2019, and still input transactions from years past? Sort of an interesting situation Im in lol

[jessicalaurence]

My report won't let me double-click on the transactions I need to fix. Apparently I deleted them. They were bill payment checks that I thought were duplicates. Is there a way to correct that?

[hannahmanager]

You explained the problem, but did not even touch on the solution. I can find lots of videos on telling me how to find out I have the problem. Yes when I pull the discrepancy report I can see the change, and YES I want it that way, so NOW what?

[abcd-xgqo]

so the company i just started with has never reconciled their QB in 10 years as they invoice manually and its recorded into QB as second copy. Year ending is July and I want to reconcile the 2018-2019 year for the accountant and start doing things properly. right now when I try reconciling it has a starting balance of $0 and a ending balance of $65, 000. both which are wrong. how can i do this

[richardtruitt]

the yellow circle around the cursor makes the screen fuzzy to read and follow along

[teeibrahim]

Hello, in reference to beginning balance not matching, I followed the video but still couldn’t locate the discrepancy. Please advise.

[jaynehudson]

Mat, I hired Bookkeeper to reconcile our accounts. We will receive a bulk check of say 28, 950 representing 12 customers and 19 invoices. My question somehow she reconciled to zero without including one payment from this check. The only way to fix is to unreconcile that month, Am I correct

[christynaknott]

My client has not reconciled her checking account since 2012. I’m doing the books for 2018 and I want to reconcile starting in 2018. The beginning balance isn’t correct because it is from 2012. Can this be overhauled so I can change the beginning balance to 1-31-18 and start fresh?

[louisedutton]

Instead of entering my start date of 01/01/2019 (yes, I'm behind!), I entered 01/01/2020. I have reconciled and about to start 02/01/2019 when I noticed the date issue. How do I keep the numbers - since I have reconciled - but change the date to reflect 2019? Or do I simply undo last reconciliation? I've only entered one month.

[Imatd]

I transitioned from QBO to QB Desktop. 9 years of bookkeeping was reconciled through the end of 2023. I've imported the banking for Jan of 2024 and QB desktop is acting like I've never reconciled this account and is insisting that we call the starting balance 0. I have no idea how to fix this.

[pamelalindholm]

I have one credit card transaction that was deleted after the checking account was reconciled for several months. I have now entered the payment for the credit card and marked it cleared in the checking account but my beginning balance is still wrong in quickbooks desktop. I have tried to go back to the 4th month of 2022 and just reconcile that month so my beginning balance would be correct going forward but it doesn't fix it. The only way I can see to fix it is to unreconcile all these months so that I can get my beginning balance correct starting from the 4th month of 2022. Some things in Quickbooks are stupid! It should be easy to fix this problem but it is not.