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Balancing my checking account

PostPosted: Thu Mar 17, 2016 8:50 pm
by mcn001
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.

Re: Balancing my checking account

PostPosted: Thu Mar 17, 2016 9:11 pm
by mthadm
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,

Re: Balancing my checking account

PostPosted: Mon Jun 13, 2016 8:46 am
by stretch1100
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