![]() For accounts that have been reconciled before, QuickBooks uses the ending balance of the previously reconciled period.For new accounts (or ones that have never been reconciled), QuickBooks uses the account's opening balance. ![]() QuickBooks gets an account's beginning balance from one of two places: Where does QuickBooks get the beginning balance? Sometimes, very experienced bookkeepers can get around this rule, but we don't recommend it. Reconciliation is a necessary step to ensure your books are accurate and to successfully reconcile an account, it's necessary for the beginning balance in QuickBooks to match the statement. What if my QuickBooks beginning balance doesn't match my statement's? What if my QuickBooks beginning balance doesn't match my statement's? Why is it important for my beginning balance to match my statement?
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