Hi y'all!
It seems there are different issues stemming from the original question.
Something to understand at the base is the "Bank Balance" & "In QuickBooks" may not always equal or "balance". Bank balance is what the bank is showing as the ins & outs of transactions. In QuickBooks is based on the check register.
If there is a beginning bank balance due to a conversion that is NOT entered in the check register, then whenever there is a bank reconciliation started, there will not be a reconciliation possible.
In order to correct the problem, verify the bank balance as of the date of conversion and make that entry into the check register. In other words, the balance before the bank reconciliation must be entered, in order for a reconciliation to be possible.
If there is a conversion on 3/15/19 with a bank balance of $39, but the bank balance on 3/16/19 is $40, there needs to be an entry for the $1 difference, in order to reconcile the bank account on 3/31/19.
However, using that same example, the Bank Balance feed may show $39, while the In QuickBooks may show $40, because until the $1 appears at the bank, the only place it exists is the check register.
It's OK for the Bank Balance and In QuickBooks to not balance on a daily basis, because outstanding checks are not present at a bank, until they're cashed. However, the bank account amount on the Chart of Accounts SHOULD match the In QuickBooks amount on the same date, because that amount is based on the bank register ONLY and not what appears at the bank.
Hope that helps!
Paula
