Why is the Opening Balance incorrect in reconciliation window.
Options
charlotte_6653940
Member Posts: 3 ✭
I have an incorrect opening balance in the reconciliation window - it is showing as $0. This is my first reconciliation for this bank account. I have the correct amount in opening balance equity in the register but for some reason it is not flowing through to reconciliation window.
0
Comments
-
Hi Charlotte and welcome to the Community!
You may have entered your opening balance incorrectly. You may have added a bank account during the EasyStep Interview, or you may have created a bank or credit card account at any time after the interview.
If you have never reconciled your account, you can change the opening balance.
Steps on how to change the opening balance:
1) Go to the Lists menu and click Chart of Accounts.
2) Double-click the account.
3) Find the account's opening balance transaction in the register (usually the first one).
or
Look for Opening Bal Equity in the Account field of the register.
4) If you're changing your Reckon Accounts start date, change the date of the opening balance to that date.
5) Change the amount to the correct opening balance.
6) Click Record.
-Alex0 -
Hey Alex, thanks for the reply. I've tried they above but the reconciliation window still has $0. Its like it isn't flowing through for some reason?0
-
Hi Charlotte,
Just seeing if you are still experiencing this issue?
If so please try this out and let me know how it goes!
In Reckon Accounts, go to your Home screen, click Reconcile, find that 1 amount that you entered as Opening Balance Equity and reconcile that 1 amount.
The beginning/opening balance should now be the correct figure.
-Alex0 -
Hi I'm having the same problem - was there a fix for this?0
-
Hi
I am also experiencing this problem. I set up the bank account and at the time didn't have the opening balance. I have gone back and followed the above steps to enter the opening balance. This is the first time I have reconciled and each time I try it has $0 as the opening balance. I am keen to know if anyone found a solution.0 -
Hi Leanne, it was a while ago that i has this issue. I think from memory i had to reconcile $0 using a earlier date (eg 30/06/15 assuming you are reconciling for the new f/y) and then reconcile again once i had done the above steps. I hope this works for you.0
Categories
- All Categories
- 6.4K Accounts Hosted
- 10 📢 Reckon Accounts Hosted - Announcements
- 5.9K Reckon Accounts (Desktop)
- 3 📢 Reckon Accounts Desktop - Announcements
- 1.3K Reckon Payroll 🚀
- 21 📢 Reckon Payroll - Announcements
- 21 Reckon Payroll Help Videos 🎥
- 21 Reckon Mate App
- 3K Reckon One
- 7 📢 Reckon One - Announcements
- 10 Reckon Invoices App
- 14 Reckon Insights
- 107 Reckon API
- 822 Payroll Premier
- 307 Point of Sale
- 1.9K Personal Plus and Home & Business
- 63 About Reckon Community