Pick an easy date to start your opening balance. If you just opened a new account at your bank, 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...
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
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 match, you...
When Using the QuickBooks Desktop version I was using previously, a Journal entry was automatically created to offset the voided check in the prior billing period. The online version does not do this. I made a suggestion on their site to add ...
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...
I need to reduce my cost-of-goods-sold reported to the IRS and I need to apply that credit to that reduction so that my vendor balances to $0.00. I think I found this can be done in Quickbooks desktop, but there is no Vendor refund (not Vendor...
I need to reduce my cost-of-goods-sold reported to the IRS and I need to apply that credit to that reduction so that my vendor balances to $0.00. I think I found this can be done in Quickbooks desktop, but there is no Vendor refund (not Vendor...
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...
I need to reduce my cost-of-goods-sold reported to the IRS and I need to apply that credit to that reduction so that my vendor balances to $0.00. I think I found this can be done in Quickbooks desktop, but there is no Vendor refund (not Vendor...