Adjust account balance

[jpmort]

I have read through previous posts regarding adjusting the balance of an account. But in my case, the balance has always been out of line with my real bank account, because that is how I incorrectly set it up three years ago.
I now would like to align the bank balance so I can use it as a check that I have made all the entries correctly. A previous answer was to;
“You could certainly adjust the balance with a journal, but you would need to tie it to another nominal code (e.g. General Purchases, Rent, etc.) so the system can produce your balance sheet and profit and loss reports correctly.”
But that seems to me that I actually have to transfer finds to make this work?
I simply only wish to change the balance figure and not move any funds anywhere, as the problem is the wrong initial balance setup only.

Or another answer was to:
“If you go into the bank settings, you should be able to add an opening balance from there - you will need to make sure that the date of the opening balance is before any transactions you have in the account”
Do I just backdate the change to the start of using this, three years ago?

Is the other option to wait until the year end, and then do something then, like create a new account, that reflects the change in balance?
Thanks, and sorry for a daft question.
John

[QFSteve]

Hello John

Like most other accounting software QuickFile is based on double entry bookkeeping, which means when you enter a figure 2 nominal accounts are always affected (one debited and another credited)

Another way of looking at it is if you put £100 in you bank, where has it come from

If you enter an opening balance on the bank the other side is posted to your suspense account.

If you enter £100 money in transaction you tag it to say where is has come from.

So if you bank was incorrect 3 years ago, one or more other nominals would have been incorrect as well.

I would suggest having a word with your accountant for professional advice, they may give you an adjustment to enter.

[jpmort]

Thanks for your advice, I was hoping I could simply enter the adjustment, and backdate it to the start three years ago. I have been using Quickfile to simply record invoicing and payments, and now I am needing to pay attention to the whole set of accounts.
I will take your advice and contact my accountant.