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- You created a new Quicken account but didn't add an opening balance. Say the account had $2,000 in the bank.
- You get the next bank statement, which shows a beginning balance of $2,000.
- When you reconcile, the sum of all reconciled transactions is $0 because you haven't reconciled before.
- So even if you can account for all the transactions for the month, you would get an ending balance adjustment of $2,000.
- But if you change the starting balance adjustment to $2,000, then you would only get a starting balance adjustment, which is a clue that something different from a failure to balance has occurred.
- This is admittedly a strained example because the more logical way to fix this problem is to enter the missing opening balance adjustment.
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