Why is my reconcile account not working out

[Lugga87]

I am trying to reconcile my bank account  my ending bank statement is $21994.70 but when i go to reconcile the closing balance i put 21994.70 but its saying its out -$57,656.80 

[Tracey_H · Accepted solution]

HI @Lugga87 

Thanks for your post. Having a look at that screenshot I can see that you haven't reconciled that account before so I'll give you some Help Articles with detailed instructions on reconciliations:

Reconciling your bank accounts

Fixing out of balance bank reconciliations

If you didn't do so when setting up your file you may also need to record historical transactions so that you can reconcile that account: Entering historical sales and purchases

Please let me know how you go.

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.