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Negative Prior Balance on Reconcile

joev929
joev929 Member ✭✭
in Registers & Transactions (Windows)
I reconcile investment accounts monthly to statements (unless there isn't on for that month). On one such account when trying to reconcile the previous balance shows as a negative amount. I'm not sure where I made an error or if it was me. Suggestions on how to move forward as it is out of balance on the reconcile if I go forward. Thanks

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    What type of account are you talking about?  Since credit cards typically have negative balances (you owe money) and they reconcile all of the time.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • joev929
    joev929 Member ✭✭
    It was an investment account. When I tried this morning to reconcile, I had a negative beginning balance but was in balance ($0 difference) after items marked. So I guess whatever the problem was cleared up. Thanks for your help.

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