diff --git a/pcsx2/Counters.c b/pcsx2/Counters.c
index bd7d4d4626..8264db0b79 100644
--- a/pcsx2/Counters.c
+++ b/pcsx2/Counters.c
@@ -56,12 +56,19 @@ static __forceinline void _rcntSet( int i )
 	u32 c;
 	if (!(counters[i].mode & 0x80) || (counters[i].mode & 0x3) == 0x3) return; // Stopped
 	
+	// psxNextCounter is relative to the cpuRegs.cycle when rcntUpdate() was last called.
+	// However, the current _rcntSet could be called at any cycle count, so we need to take
+	// that into account.  Adding the difference from that cycle count to the current one
+	// will do the trick!
+
 	c = ((0x10000 - counters[i].count) * counters[i].rate) - (cpuRegs.cycle - counters[i].sCycleT);
+	c += cpuRegs.cycle - psxNextsCounter;		// adjust for time passed since last rcntUpdate();
 	if (c < nextCounter) nextCounter = c;
 
 	//if(!(counters[i].mode & 0x100) || counters[i].target > 0xffff) continue;
 
 	c = ((counters[i].target - counters[i].count) * counters[i].rate) - (cpuRegs.cycle - counters[i].sCycleT);
+	c += cpuRegs.cycle - psxNextsCounter;		// adjust for time passed since last rcntUpdate();
 	if (c < nextCounter) nextCounter = c;
 }
 
diff --git a/pcsx2/PsxCounters.c b/pcsx2/PsxCounters.c
index 49464b418d..d1debd9759 100644
--- a/pcsx2/PsxCounters.c
+++ b/pcsx2/PsxCounters.c
@@ -63,14 +63,21 @@ __forceinline static void _rcntSet( int i, int bitwise )
 		assert( i < 3 );
 #endif
 
+	// psxNextCounter is relative to the cpuRegs.cycle when rcntUpdate() was last called.
+	// However, the current _rcntSet could be called at any cycle count, so we need to take
+	// that into account.  Adding the difference from that cycle count to the current one
+	// will do the trick!
+
 	if(psxCounters[i].rate == PSXHBLANK) return;
 
 	c = (u64)((overflowCap - psxCounters[i].count) * psxCounters[i].rate) - (psxRegs.cycle - psxCounters[i].sCycleT);
+	c += cpuRegs.cycle - psxNextsCounter;		// adjust for time passed since last rcntUpdate();
 	if (c < psxNextCounter) psxNextCounter = (u32)c;
 
 	//if((psxCounters[i].mode & 0x10) == 0 || psxCounters[i].target > 0xffff) continue;
 
 	c = (u64)((psxCounters[i].target - psxCounters[i].count) * psxCounters[i].rate) - (psxRegs.cycle - psxCounters[i].sCycleT);
+	c += cpuRegs.cycle - psxNextsCounter;		// adjust for time passed since last rcntUpdate();
 	if (c < psxNextCounter) psxNextCounter = (u32)c;
 }
 
diff --git a/pcsx2/x86/iR3000A.cpp b/pcsx2/x86/iR3000A.cpp
index 055ae4bee9..36d147e56d 100644
--- a/pcsx2/x86/iR3000A.cpp
+++ b/pcsx2/x86/iR3000A.cpp
@@ -582,6 +582,11 @@ static int recInit() {
 }
 
 static void recReset() {
+
+#ifdef PCSX2_DEVBUILD
+	SysPrintf("IOP Recompiler data reset\n");
+#endif
+
 	memset(recRAM, 0, sizeof(BASEBLOCK)/4*0x200000);
 	memset(recROM, 0, sizeof(BASEBLOCK)/4*0x400000);
 	memset(recROM1,0, sizeof(BASEBLOCK)/4*0x040000);
diff --git a/pcsx2/x86/ix86-32/iR5900-32.c b/pcsx2/x86/ix86-32/iR5900-32.c
index fd7b154a43..0d125e26e0 100644
--- a/pcsx2/x86/ix86-32/iR5900-32.c
+++ b/pcsx2/x86/ix86-32/iR5900-32.c
@@ -1589,7 +1589,7 @@ int recInit( void )
 }
 
 ////////////////////////////////////////////////////
-void recReset( void ) {
+static void recReset( void ) {
 #ifdef PCSX2_DEVBUILD
 	SysPrintf("EE Recompiler data reset\n");
 #endif