how to enter beginning balance in Quickbooks There are number of reasons why the beginning balance in QuickBooks does not match your bank account. To ensure that your account and bank statement matches, there shouldn’t be any discrepancy between the opening balance in QuickBooks Online and your bank account. Only then, you can proceed with the reconciliation process. If you receive an error message, “QuickBooks reconcile beginning balance wrong”, you might not reconcile your QB bank account.
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