In this video, we begin to discuss potential solutions for you if you're getting the Starting Balance is Incorrect message when trying to reconcile an account in QBO. We go over a few examples such as if you're attempting a bulk reconciliation and you're Bank or CC Register in QBO Balance matches the actual Bank/CC Statement Balance at a certain date and also if you're wanting a clean start date for using QBO numbers and want a way to begin the reconciliations with the correct Starting Balance and want to know how to make this adjustment. Keep in mind that there are endless scenarios that may cause this Starting Balance error to happen and the only purpose of this video is to hopefully help you understand what that error actually reflects so that it may help you solve the issue if it is indeed a simple fix. Keep in mind what you're doing though because some of these methods are Advanced and can do some harm to your books if you are not exactly sure about what the changes being made are actually doing to the books. If this is the case, feel free to reach out and we would be glad to help with your specific business and scenario.

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Timestamps:
0:00 Intro
1:20 Understanding What the Balances Reflect
4:20 If You're Behind on Reconciliation and Register matches Statement
10:00 If the Register Does Not Match the Statement
14:00 Creating an Opening Balance Equity Adjustment
19:48 Conclusion