Balancing my checking account

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Balancing my checking account

Postby mcn001 » Thu Mar 17, 2016 8:50 pm

So this is the third month I've started to balance my checking account, and the Beginning Balance that comes up never matches my bank statement. The last two months, I just let the system correct the balance. The difference is usually a few hundred dollars or more, so getting concerned about my real balance and what is showing in my register. Also, there is no option to input the correct starting balance.
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Re: Balancing my checking account

Postby mthadm » Thu Mar 17, 2016 9:11 pm

Hello,


Please take a look at this wiki article - http://wiki.mthbuilt.com/Account_balances_explained

Please feel free to reach out to us directly at info@mthbuilt.com if you have further questions

Thanks,
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Re: Balancing my checking account

Postby stretch1100 » Mon Jun 13, 2016 8:46 am

Hello mcn001,

This may be a silly question. "Why would you worry about your beginning balance?" I think you should be more worried about the Ending Balance being as per your bank statement. The starting balance will be your previously reconciled/balanced amount. You should not normally need to adjust this.

Cheers,

Stretch
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