Check an opening balance after connecting
Review the proposed starting journal, its date and account before recording an opening balance.
- Who can do this
- Owners; viewing needs View reconciliations; recording needs Create bank accounts/transactions
- Where
- Banking, then Bank accounts
- You'll need
- Completed Plaid history import, a bank balance and a linked active ledger account
On this page
Check the proposed opening balance
- After the import finishes, select Check balances and review. You can also open the account and select Balance check when offered.
- Compare Bank today, Imported lines and your books on the opening date.
- Review each selected proposal's amount, date, debit and credit.
- Clear the checkbox for any opening you do not want to record.
- Select the Record opening balances button with the selected count, or Skip for now.
Recording affects your books. The result shows each journal number and date. Importing bank lines and recording their opening balance are separate from posting those lines.
Understand the calculation
The opening date is the day before the later of your books start and your chosen history start. Books start means the earliest posted entry, excluding these generated opening journals, or the current fiscal-year start when there is none.
QixCount subtracts net bank-posted activity after that date from the bank balance saved by the last successful import. Deposits increase a bank asset; withdrawals reduce it. Cards and loans use amounts owed, so the direction reverses. Pending bank activity is left out until it settles. A line you excluded still counts as bank activity; a line removed by the bank does not.
The comparison uses your linked ledger account's balance on the opening date. QixCount offers a nonzero opening only when that books balance is zero. A balance you already keep is never changed by this action, even if it differs. An agreement needs no opening journal.
Understand the journal and limits
Each selected account gets one opening journal, selected by default. General uses Opening balance equity, creating that equity account when needed. Nonprofit uses the approved net assets without donor restrictions account mapping and the configured default Operating fund. These describe QixCount's posting behavior.
An incomplete history import, queued or failed category suggestions, a failed or running later sync, missing bank balance, inactive ledger account or foreign bank currency prevents an offer. A completed suggestion that needs your review does not keep import progress running. A closed opening month also blocks recording. The page explains whether to wait, ask your accountant to reopen the period, or start history later. It does not move the journal to another date automatically.
Recording again does not create another opening for that account. Skipping leaves the account's balance check available while eligible. See opening-number differences for other opening imports. Sandbox balances and history are simulated and may disagree.