User Support Forum

I just started our first bank reconciliation and I noticed that it doesn't balance out because when I ran the Accounting Setup for the first time, I entered the incorrect amount.
For example: I entered $8000 when it should of been $6000.

Therefore my bank rec is off by $2000. Is there a one-time journal entry I can do to correct this without having to start over?

Thanks
- Rick

The beginning balance entry can be decreased by $2,000 as follows:
CR 01-1110-000 $2000 Beginning balance correction
DB 01-3110-000 $2000 Beginning balance correction

There are very few times when it ok to directly transact an equity account. This is one of those very few times.