Hello there. I'm sure to help you out with your beginning balance query. Because you haven't reconciled your account in QuickBooks Online (QBO) yet, you have the option to edit your opening balance directly from your Bank Register. Allow me to walk you through the necessary st...
We'll need to go through several procedures to fix the inaccurate beginning balance in QuickBooks Online (QBO), Gary. I'm glad to guide you in doing so. Please know that there's no direct option to modify the beginning balance for an account. What we can do to re...
Beginning Balance –This sum is the ending balance from last month’s statement Cleared Balance –As you start to reconcile each item, this amount will change depending on whether you have chosen a payment or a deposit transaction Payments –This amount will rise as you choose payments to recon...
Account: This is the credit card account you want to reconcile. Add additional information such as: Beginning Balance: This is the ending balance from your previous reconciliation. QBO should populate this automatically. Statement ending balance: This is the ending balance from your credit...
The discrepancy in the beginning balance is due to not entering an opening balance in QBO. To fix this, we'll create a journal entry to record it. Here's how: Go to the +New button. Under Other, select Journal entry. Enter a date before the oldest transacti...
I understand the importance of undoing bank reconciliation in QuickBooks Online (QBO), Anabanaba. I'm here to share insights about this. As mentioned by my colleague above, the only way to undo the entire reconciliation would be through an accountant. As a workaround, you can man...
The thing is, The bill payment was an Expense and was marked as Billable in the beginning, but then, we realized that the Expense should be a Bill payment, so, we applied it to the open bill. But now, when I try to make the invoice to the client, the Bill and...
Before suggesting the move to QBO, you need to assess and understand your clients' existing systems, including both the software they use and the processes they have in place. This will help you understand why they’re still using the old system and how you can change your approach. ...
Our developers might change the way this is handled in the future. They might also add more options regarding the reminders when the pop-up to log in opens.) - is this just wishful thinking or are people who can make things happen at Intuit looki...
Quickbooks...why don't you just make it possible to undelete/undo??? Seems like that would make things a lot easier on your subscribers. ??? Cheer Reply Akami7H Level 1 November 25, 2023 04:23 AM 1- how to fix beginning balance discrepancy of reco...