Opening Balance Equity is Negative Has Not Balanced Out
My OBE is negative even though I have made payments to my CC and line of credit accounts throughout the year. It is as though Quickbooks does not make an automatic debit from OBE when I have been making payments to those accounts and matching the transaction when I reconcile. The only thing being debited and credited is my checking account and the CC/LOC the payment was for. The CC accounts still carry a balance till now, so what will happen wit the OBE? What am I missing here?