Changing beginning balances for bank accounts

When entering your beginning bank account balances, you enter the balance as of the last reconciliation, and all uncleared bank entries through the beginning balance date.

Note:

If a bank entry has been cleared, you cannot change it unless you first unclear it on the Reconcile tab.

To change beginning balances for bank accounts

1. From the > Setup menu, click Company > Beginning Balances > Bank Account.
2. In the Bank Account field, select the bank account you want to change.
3. Change information, as needed. Enter an additional bank item on the last row of the table.

Field	Description
Company	Multi-company only View only - The company associated with the beginning balance
Bank account	The bank account
Statement date	The date of your last reconciled bank statement
Ending balance	The ending balance of your last reconciled bank statement
Notes	Any notes about the beginning balances for the bank account
Date	The date of the transaction
Type	The type of bank entry, such as a check or deposit
Payee	The recipient of funds if the item is a payment (such as a check)
Check number	The check number if the item is a check
Reference	The reference ID for an item that is not a check
Payments	If the transaction is a payment (such as check), the payment amount
Deposits	If the transaction is a deposit, the deposit amount

As you work, your balances appear at the bottom of the window, as follows:

Balance	Description
Outstanding	The statement ending balance
Register balance	The running total of your bank balance: [Statement Ending Balance + (deposits - payments)]
Account balance	The amount you entered when entering a beginning trial balance for the cash accounts associated with this bank. If you used the same cash account on multiple banks, this amount does not appear.

4. Click Save.
5. Click Close.