Balance Adjustment Example For QuickBooks First Month Reconciliation

[@worldwidequickbooks]

Hello, my diligent responsible QuickBooks friends!! I think it’s great that you want to be an expert in bank reconciliation in QuickBooks.
This video is the best real-life, hands-on example of how to do a balance adjustment when doing bank reconciliation in QuickBooks desktop. It shows what to do when an old check from several months before the first bank rec finally clears the bank. It’s the last normal thing you will need to adjust for in QuickBooks bank reconciliation unless you have mistakes that you cant find. You should not adjust for anything besides beginning balance and old outstanding checks.
I hope you will click “Like” and subscribe.
-Mark

[@ginamillis2046]

Great, this is almost exactly my problem. What about when the beginning balance is not 0? In my instance, the dollar amount was entered as the opening balance when it was created back in 2018 so it appears on the first reconciliation window. I have watched your other videos addressing this topic, but they don't speak to the first time ever doing a reconciliation.

[@worldwidequickbooks]

Thank you Gina,
If you did it that way, then just mark the begining balance entry as "cleared" when matching it to the begining balance of the statement. Then it will work.
-Mark

[@ginamillis2046]

@@worldwidequickbooks It worked! Thank you so much for your quick response and solution to my problem.