My bank reconciliation beginning balance does not match the statement. I looked at the last reconciliation; however, and the cleared balance does match? Do you have any tips that I could look into. Thanks.
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This usually happens when you delete or change a transaction that was already reconciled. Select the Locate Discrepancies button on the Begin Reconciliation, for help determining what was changed. There's also a Reconciliation Discrepancy report in Reports > Banking.
Re-enter whatever was changed. You should receive a warning when you try to delete or change a transaction that's been reconciled. Don't ignore warning messages, QuickBooks is usually trying to stop you from making a mistake.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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