Fixing opening balance for an incorrectly reconciled account
Lincoln A Baxter
lab at lincolnbaxter.com
Sun May 14 21:54:03 EDT 2017
On Sun, 2017-05-14 at 21:19 -0400, Andrew Gross wrote:
> Greetings -- have looked at a couple of old threads on reconciliation
> issues that come close to this question, but not quite. In two of my
> accounts (one asset; one liability) I committed a transgression; I
> attempted to fix a reconciled transaction. Since then, I have to put in a
> "fix" to balance each account. I add a bogus transaction; reconcile; and
> then reverse the transaction. Essentially, I need to be able to reset the
> opening balance in order to fix this. I know changing the opening balance
> is not an option; is there an alternative so I can stop using the "bogus
> transaction" method?
>
> Thanks everyone,
>
Why not create another transaction from the opening balance account
that represents your correction. Label with a description that will
remind you of why it is there, and then mark it is reconciled. Or, you
could just change the opening balance...
Lincoln
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