I might have input something wrong on the account that had the wrong beginning balance. However, the newest credit card I added still resets to the first month of starting it after each reconciliation, meaning it's still back in 2019.
Ethan on 20 Feb, 2021 10:02 PM
The beginning statement balance is a calculated value, and cannot be manually changed:
Beginning Balance = Initial Balance of the Account + Cleared Deposits - Cleared Payments
If the beginning balance is not what you expected it to be, that means something in that equation must have changed since your last reconciliation, such as you making another transaction as cleared, or deleting a cleared transaction. More details and an extended list of possible reasons for the beginning balance to chance can be found at: https://infinitekind.tenderapp.com/kb/register-and-transactions/rec...
Hi Ethan, disregard the beginning balance issue. I think that I was reading the statement wrong.
The only issue I have right now is that a credit card that I added in 2019, every month when I go to reconcile, The “As of” date is also set to 12/07/2019. Every other credit card usually goes to the current date, which I reduce downwards to the statement date. I am not sure why this one doesn't
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An open blue circle next to a transaction means that the transaction was downloaded (either by an automatic download or a file download and import) and that the transaction has been confirmed. That is all it means.
This is not a double entry accounting program, so modifying a reconciliation beginning balance should be possible. Please let me know how to do it without beginning a new account.
If that is not the case, please suggest an alternative to trying to reconcile almost 10 years of data.
Thank you in advance for your help.