Learn how to enter an opening balance for a bank, credit card, and other types of accounts.When you create a new account in QuickBooks Desktop, pick a day to st
use the day you opened the account. If you've had the account for a while, start your opening balance on the same day as the beginning of your next bank statement. Whatever date you choose, use your bank statement to get the account's balance for that ...
One approach to entering negative statement balances in QuickBooks involves leveraging the “Make Deposits” feature. When encountering negative balances resulting from outstanding checks or unrecorded deposits, users can utilize the “Make Deposits” function to address these discrepancies effectively. By o...
We can fix the beginning balance issues by double-checking that the opening balance is accurate. Here's a list of things on what to do: Check the opening balance in QuickBooks. Compare the opening balance with your real-life account. Review your account register. If the balances mat...
You must sign in to vote. Sign in now for personalized help See articles customized for your product and join our large community of QuickBooks users.Sign In / Sign Up More like this Fix beginning balance issues in QuickBooks Desktop by QuickBooks Make adjusting journal entries in Qui...
We can fix the beginning balance issues by double-checking that the opening balance is accurate. Here's a list of things on what to do: Check the opening balance in QuickBooks. Compare the opening balance with your real-life account. Review your account register. If the balances match, you...
We can fix the beginning balance issues by double-checking that the opening balance is accurate. Here's a list of things on what to do: Check the opening balance in QuickBooks. Compare the opening balance with your real-life account. Review your account register. If the balances match, you...
Also in my many many years of using quickbooks we have always created invoices (for both service work and on the spot purchases). If I use the sales receipt for the purchase of a gift card, will that mess up any of my accounting (or just add another line)? Thank you, Jilisa ...
I thought this worked perfectly but now my vendor totals are off - showing a negative and an overdue amount so this option does not work to balance the account either. Quickbooks needs to create the ability to match a vendor credit to a credit card credi...
I thought this worked perfectly but now my vendor totals are off - showing a negative and an overdue amount so this option does not work to balance the account either. Quickbooks needs to create the ability to match a vendor credit to a credit card cred...