Enter credit-card and loan balances correctly

For a credit card or loan, enter the positive amount due shown on the statement; LedgerHQ stores that amount as a negative liability balance.

Use The Statement-Facing Amount

1. Confirm that you opened the credit-card or loan register—not a checking account with a similar name.
2. Click Start reconciliation.
3. Enter the statement's displayed opening and ending balance-due amounts as positive numbers.

For example, if a card statement shows an opening balance due of $1,080.25 and an ending balance due of $1,250.40, enter 1080.25 and 1250.40. Do not add a minus sign in the web form.

LedgerHQ converts those statement-facing values to the signed liability balances used by the ledger. Charges increase the amount owed and payments reduce it.

During an active reconciliation, the balance editor still shows the positive statement-facing amount. LedgerHQ keeps the negative liability sign behind the scenes.

Correct A Sign Or Balance Mistake

If an active reconciliation starts with a large unexpected difference:

1. Compare the account type, statement opening balance, and statement ending balance again.
2. Click the pencil beside Ending balance.
3. Enter the positive balance due from the statement and save.
4. If the first reconciliation's opening balance is wrong, delete the in-progress reconciliation and start it again with the correct statement values.

A difference close to twice the statement balance can indicate that a liability amount was entered with the wrong sign or that the wrong register was selected. Correct the setup before checking more rows or booking a reconciliation discrepancy.

Continue with Investigate a reconciliation difference or return to Bank reconciliation.