QuickBooks users have been facing variegated technical errors lately and these have largely affected the accounting processes across businesses. One peculiar error appears when the user tries to Begin Reconciliation upon choosing an account, but the beginning Balance zero or incorrect error appears. This issue can be ascribed to various reasons, and to curb those contributory causes, this there are different solutions.
This is where the current blog shall come to the rescue. Herein, an in-depth enumeration of different causes shall be done along with potential and workable ways to fix beginning balance issues in QuickBooks Desktop.
Fixing Beginning Balance Issues in QuickBooks Desktop
Fixing this error is possible by implementing the following solutions:
- Correcting zero balance
- Fix incorrect balance
- Limitations while switching from other QB versions.
Lets venture into the details of each of these troubleshooting strategies one by one:
Solution 1: Correcting zero balance
The initial step requires the creation of an opening balance again. Following that, the user needs to go for the reconciliation of this account.
Step 1: Creating Journal entry
The procedure to create Journal entry is:
- First, advance to the Company tab, and from there, choose the option to Make General Journal Entries.
- After that, correct the statement date in the beginning balance.
- Choose the proper account from the account drop-down
- The next step is to go for entering the correct opening balance within the Debit column.
- Then, choose the Opening Balance Equity.
- Finally, hit on the Save
Summing Up!
This article presented three effective solutions that should help users in easily fixing beginning balance issues in QuickBooks Desktop. If you face any technical issues, just give our QuickBooks error support experts at axpertadvisor a call at the helpline 1-800-615-2347.
