We just changed our QuickBooks from 2008 to 2010. When we go to reconcile our bank account, the beginning balance comes up 0.00 - on all our accts (4). How can we fix it?

ANSWER

Expert Michael Lim's Answer:

You should be able to convert the 2008 file to 2010; this will update the QB file with no loss in information.

However, if you started a fresh file, you will come up with a zero balance on all bank accounts when you go to reconcile it.  To fix this, you will need to go to the Accounts list and edit each bank account.

It will give you an option to input a beginning balance; you can then put the ending balance of the last reconciled statement.

Michael Lim, CPA

California

16 yrs experience

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128 Ans.