Bank reconciliation

Hi BH1806,

If this is the first reconciliation made on a bank account, you can follow these steps on how to edit an incorrect opening balance.

1. Go to Settings ⚙️, then select Chart of Accounts.
2. Locate the account, then go to the Action column and select Account history.
3. Find the opening balance entry. Tip: If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
4. Select the opening balance entry.
5. Edit the amount. Tip: If you're not able to edit the amount directly on this screen, in some cases you can edit by selecting the Edit ✎ icon.
6. Select Save.

Please note that once you edit or delete a transaction you've already reconciled it will affect the opening balance on your next bank reconciliation and you'll get a message on the Reconcile page. Furthermore, if you would like to undo entire reconciliation on a specific period, you can reach out to your accountant. Only accountants can undo entire reconciliations.

For more detailed information, you can check on these articles:

Fix issues the first time you reconcile an account in QuickBooks Online
Fix issues for accounts you've reconciled in the past in QuickBooks Online
 

Feel free to drop a comment below if you need any help with opening balance. Have a great day!