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October 9, 2019
Question

Set new company. Bank reconciliation does not pick up the opening balance?

  • October 9, 2019
  • 1 reply
  • 2 views
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1 reply

Level 13
October 9, 2019

Hi accounts158,

 

Before reconciling an account you will need to reconcile the opening balance posting (deposit or journal entry). To do this, got to Accounting > Chart of Accounts > Edit against the bank account and then select the 'Date' to reorder the transactions from earliest - oldest. Locate the opening balance posted here and mark this as reconciled by clicking into the transaction to expand and left-clicking the check column until this changes to 'R' then save.

 

When you then go to reconcile the account this will show as the opening balance.

 

Thanks