QB Issue Resolution:
Thanks for the prompt response and letting me know the outcome of the steps given by @Anonymous. I’m here to help adjust and reconcile your PayPal account.
You can fix the incorrect beginning balance using a Journal Entry. Here’s how:
1. Go to the Plus icon and select Journal Entry.
2. Enter a Journal date.
3. Under the first Account column, select Paypal.
4. Enter 15.36 under the Credits column.
5. On the second Account column, select Opening Balance Equity and the amount will automatically fill in the Debits column.
6. Hit Save and close.
Once done, you can resume reconciliation since the beginning balance in QuickBooks should now match with what’s showing on the statement.
Another way to do this is to enter an expense transaction with a negative amount. Here’s an article that tackles more about this: Know more about the expense page.
This information should get you back in line. Please let me know if you have any questions or clarifications, I’ll be here to answer them for you. Thanks for coming to the Community and take care!
Resolution for Issue 'I started quickbooks with January first. Quickbooks beginning balance for payal is $ 0 when I reconcile. the PayPal statement says – $15.36 . How do I adjust that?' available: Yes (Solved).
Source: Intuit Community forum.
I started quickbooks with January first. Quickbooks beginning balance for payal is $ 0 when I reconcile. the PayPal statement says – $15.36 . How do I adjust that?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for Banking
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