diff --git a/pcsx2/Recording/InputRecording.cpp b/pcsx2/Recording/InputRecording.cpp
index baa75bdd84..4170111848 100644
--- a/pcsx2/Recording/InputRecording.cpp
+++ b/pcsx2/Recording/InputRecording.cpp
@@ -517,7 +517,7 @@ bool InputRecording::create(const std::string& fileName, const bool fromSaveStat
 		{
 			FileSystem::CopyFilePath(savestatePath.c_str(), fmt::format("{}.bak", savestatePath).c_str(), true);
 		}
-		m_initial_savestate_load_complete = false;
+		m_initial_load_complete = false;
 		m_type = Type::FROM_SAVESTATE;
 		m_is_active = true;
 		// TODO - error handling
@@ -527,6 +527,7 @@ bool InputRecording::create(const std::string& fileName, const bool fromSaveStat
 	{
 		m_starting_frame = 0;
 		m_type = Type::POWER_ON;
+		m_initial_load_complete = false;
 		m_is_active = true;
 		// TODO - should this be an explicit [full] boot instead of a reset?
 		VMManager::Reset();
@@ -561,7 +562,7 @@ bool InputRecording::play(const std::string& filename)
 			return false;
 		}
 		m_type = Type::FROM_SAVESTATE;
-		m_initial_savestate_load_complete = false;
+		m_initial_load_complete = false;
 		m_is_active = true;
 		const auto loaded = VMManager::LoadState(savestatePath.c_str());
 		if (!loaded)
@@ -576,6 +577,7 @@ bool InputRecording::play(const std::string& filename)
 	{
 		m_starting_frame = 0;
 		m_type = Type::POWER_ON;
+		m_initial_load_complete = false;
 		m_is_active = true;
 		// TODO - should this be an explicit [full] boot instead of a reset?
 		VMManager::Reset();
@@ -695,6 +697,13 @@ void InputRecording::handleExceededFrameCounter()
 	}
 }
 
+void InputRecording::handleReset()
+{
+	if (m_initial_load_complete)
+		adjustFrameCounterOnReRecord(0);
+	m_initial_load_complete = true;
+}
+
 void InputRecording::handleLoadingSavestate()
 {
 	// We need to keep track of the starting internal frame of the recording
@@ -704,10 +713,10 @@ void InputRecording::handleLoadingSavestate()
 	// Why?
 	// - When you re-record you load another save-state which has it's own frame counter
 	//   stored within, we use this to adjust the frame we are replaying/recording to
-	if (isTypeSavestate() && !m_initial_savestate_load_complete)
+	if (isTypeSavestate() && !m_initial_load_complete)
 	{
 		setStartingFrame(g_FrameCount);
-		m_initial_savestate_load_complete = true;
+		m_initial_load_complete = true;
 	}
 	else
 	{
diff --git a/pcsx2/Recording/InputRecording.h b/pcsx2/Recording/InputRecording.h
index 1101dc6e2e..aa269a62c3 100644
--- a/pcsx2/Recording/InputRecording.h
+++ b/pcsx2/Recording/InputRecording.h
@@ -178,6 +178,7 @@ public:
 	void ControllerInterrupt(u8 port, size_t fifoSize, u8 dataIn, u8 dataOut);
     
 	void handleExceededFrameCounter();
+	void handleReset();
 	void handleLoadingSavestate();
 	bool isTypeSavestate() const;
 	void adjustFrameCounterOnReRecord(u32 newFrameCounter);
@@ -196,7 +197,7 @@ private:
 
 	Type m_type;
 
-	bool m_initial_savestate_load_complete = false;
+	bool m_initial_load_complete = false;
 	bool m_is_active = false;
 	bool m_pad_data_available = false;
 	bool m_watching_for_rerecords = false;
diff --git a/pcsx2/VMManager.cpp b/pcsx2/VMManager.cpp
index fdad287137..d9477e3da0 100644
--- a/pcsx2/VMManager.cpp
+++ b/pcsx2/VMManager.cpp
@@ -1125,6 +1125,11 @@ void VMManager::Reset()
 	// gameid change, so apply settings
 	if (game_was_started)
 		UpdateRunningGame(true, false);
+
+	if (g_InputRecording.isActive())
+	{
+		g_InputRecording.handleReset();
+	}
 }
 
 std::string VMManager::GetSaveStateFileName(const char* game_serial, u32 game_crc, s32 slot)