Contact QuickBooks Error Support to Fix Beginning balance Issue in QuickBooks Desktop

The most common issue which occurs in QuickBooks Desktop is the error of beginning balance. But what will you do if this error arises? Don’t panic; contact QuickBooks Error Support to resolve your QuickBooks Error. When you are trying to open the Begin Reconcilation Window pane then choose the account you want to match or reconcile because the Beginning Balance displayed is zero. This may occur due to following reasons listed below:

• When you were trying to set up an account, you entered wrong balance
• All the transactions which were earlier cleared out or reconciled then those transactions were either deleted or customized.
• When you wanted to convert the file and by mistake you modified from the other version of QuickBooks.

Learn how to rectify a zero balance with QuickBooks Error Support

Regenerate the opening balance

If you are the beginner to reconcile the account then you will be able to recreate the opening balance but when this feature is not available in the Begin Reconciliation window. QuickBooks Error Support avails you with error free support. However, instead of going through long process you can easily create a journal entry then perform a mini-reconciliation to rectify it.

• To generate a journal entry by accessing the exact date and amount you want to display in the Begin Reconciliation window.
• In the Company menu, then choose Make General Journal Entries.
• Modify the date to the rectify statement date of your beginning balance.
• On the first line, choose the accurate account from the Account drop-down menu.
• Type the correct opening balance in the Debit column.
• On the second line, choose Opening Balance Equity.
• Click on Save.

• Perform a mini-reconciliation to rectify the Beginning Balance in the Begin Reconciliation window.
• In the Banking menu, choose Reconcile.
• Click on the exact account from the Account drop-down menu.
• Type the statement date and ending balance which matches your Journal Entry.
• Click on Continue.
• In the Deposits and Other Credits tab, choose the respective Journal Entry.
•  Click on Reconcile Now.

Visit Helpdeskaccounting to fix an incorrect balance

How to rectify edited, deleted, or cleared transactions?

To search for the transactions which cause the discrepancy, make a run to any of these reports:

Reconcile Discrepancy report

• In the Reports menu, choose Banking 
• Then click on Reconciliation Discrepancy.
• Select the suitable Account, and then choose OK.
• You now carry a list of transactions that were modified since the last reconciliation done. Access this report to recognize the transaction/s causing the issue.
• If at all you come across any discrepancy, then choose the transaction date and the Entered/Last Modified transaction, by this you will come to know about when the changes are done.

Audit Trail report

• In the Reports menu, choose Banking and then click on Previous Reconciliation.
• Choose the accurate account which is being reconciled.
• Click on most current date of statement.
• Choose Transactions cleared at the time of reconciliation and then click on Display.
• Write down the statement and the reconciliation date of creation.
• In the Reports menu, choose Accountant & Taxes 
• Click on Audit Trail.
• Choose the Account filter for the account which is to be reconciled.

• Click on Customize Report.
• In the Filters tab, select Account from the filters.
• In the Account drop-down menu, click on to exact account.

• In the Display tab. Choose the Date filter with the from field blank and the To date set to the statement date.
• Click on OK.
• Apply the Entered/Modified filter with the From date set to the earlier reconciliation creation date from the PDF, and the To field as current date.

Learn how to Undo a previous reconciliation and re perform it

• To take the Back up of QuickBooks company file.
• In the Begin Reconciliation window, choose Undo Last Reconciliation.
• When message is prompted, click on Continue then select OK.
• Close the window and reopen the Begin Reconciliation window.

Do not take into account the errors and allow QuickBooks enter an offsetting adjustment

Even though you didn’t find a difference of zero, choose Adjustment to end with the reconciliation process. QuickBooks will automatically type a Journal Entry in a special expense account which is called Reconciliation Discrepancies. You can verify and edit it as required by looking to your Chart of Accounts.

If you need to search for the Journal Entry, you can access:

• The Find feature:

• In the Edit menu, click on Find.
• In the Advanced tab, select Memo from the filters.
• Enter the Balance Adjustment, and then choose Find. Any balance adjustment will be shown on screen.

• To view the earlier Reconciliation report.
• In the Reports menu, then choose Banking 
• Click on Previous Reconciliation.
• If any balance adjustment was made, you will be able to look a General Journal Entry at the top of the report in the Cleared Transactions tab.

Quite obvious, you made a correct choice in searching for best accounting support. Yes, QuickBooks Error Support is always there to help you out in making your accounting bug free. With this solution you will be able to continue with QuickBooks. Feel free to contact us at QuickBooks Error support or you can also call us on our QuickBooks Helpline Number and you can also drop us a mail at support@helpdeskaccounting.com.