Nothing, actually. You just have to reconcile the beginning balance entry to get started:
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| Enter the beginning balance of the new account as your ending balance |
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| Clear the opening balance transaction (usually on the deposit side). |
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| Once the initial deposit entry is reconciled, you are now all set to do the month's bank reconciliation. |
That is really all there is to clearing that initial transaction for your new or newly entered checking account.
Lynda
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