How to Resolve
QuickBooks Incorrect
Beginning Balance
While Doing
Reconciliation
Step #1:
Create a Journal
Entry Using the
Correct Date &
Amount
Click on make general journal entries in the Company menu.
Change date to the correct statement date.
From Account drop-down select appropriate account.
In the Debit column enter the correct opening balance.
Select account you want to Credit in the second line.
And Click Save.
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Step #2:
Do a Mini-
Reconciliation to
Correct the
Beginning Balance
Click on Reconcile in the Banking menu.
From Account drop-down select appropriate account.
Enter statement date and ending balance that match your journal entry.
Click on the Continue button.
Select the corresponding Journal Entry from the Deposits and Other Credits section.
Click on the Reconcile Now button.
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