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Bank balance ended wrong for 2022
Posted: Sun Feb 12, 2023 1:55 am
by sdavis0000
My starting balance is off. I have more negatives than positive balance. New to double entry. I thought my 2022 ended somewhat well. Should I delete 2022 and start over.? I have 5 bank accounts and 1 loan. Check only , bill payer, building fund and savings.1 checking account to send loan payments and loan account. Transfer money from check only to pay bills (protection from bad checks)
Apparently my credit and debits are off. Help
Re: Bank balance ended wrong for 2022
Posted: Sun Feb 12, 2023 9:21 am
by NeilZ
sdavis0000 wrote: ↑Sun Feb 12, 2023 1:55 am
My starting balance is off. I have more negatives than positive balance. New to double entry. I thought my 2022 ended somewhat well. Should I delete 2022 and start over.? I have 5 bank accounts and 1 loan. Check only , bill payer, building fund and savings.1 checking account to send loan payments and loan account. Transfer money from check only to pay bills (protection from bad checks)
Apparently my credit and debits are off. Help
Before you panic .... when you reconciled your checking account, did it always show a 0.00 in the 'to balance' box ?
Does your Balance sheet show that your total assets equal your total liabilities and fund balance?