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when I went to reconcile, my opening balance was not my last month's ending balance

Marilyns

I left 2 days after my expired quicken subscription lapse before I purchased a new one.

Could this be the reason my opening balance on reconciling is not the same as my ending balance from last statement (that I had reconciled)

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Accepted answers

NotACPA

The opening balance is a calculated, not stored, amount. It's the sum of all transactions in the account that are Reconciled (an R in the CLR column).

So if you changed any R transaction by:
Amount
CLR value
deleting an R transaction
adding an R transaction

Your Beginning Balance will change.

All comments

NotACPA

The opening balance is a calculated, not stored, amount. It's the sum of all transactions in the account that are Reconciled (an R in the CLR column).

So if you changed any R transaction by:
Amount
CLR value
deleting an R transaction
adding an R transaction

Your Beginning Balance will change.

Marilyns

Thanks!!!!

wzimmer3

where can I see the computation of the opening balance in Reconcile? If I can’t see how it is computed, how can I change it?

q_lurker

@wzimmer3

where can I see the computation of the opening balance in Reconcile?

It's the sum of all transactions in the account that are Reconciled (an R in the CLR column).

If I can’t see how it is computed, how can I change it?

You can only change it by adding, deleting, or editing transactions with a Clr status of 'R'.

wzimmer3

This seems to happen after an update - these tend to click my brokerage accounts from complete to simple tracking. Then when I go into Edit Account Details to re-click on Complete - the next time I reconcile cash, the opening cash is incorrect. Thoughts on how to prevent?

wzimmer3

Found it! Thanks for the lead - Quicken had posted an adjusting entry. upon deleting, opening cash was correct.

Thanks!