Reconcile start amount should be $25 as it is a new account?
Frank Leister
Member
I opened this account in Feb. 2021 with $25. when I go to reconcile start about is $1267.
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Answers
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The reconciled opening balance is the total of all of the transactions in the register marked as reconciled.
Note: Most of us would not describe an account opened 14 months ago as new.0 -
Have you previously reconciled this 14 month old account? Sure sounds like it, since apparently you have transactions in the account that already have an "R" in the CLR column.
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