Help has arrived, dpic44.
I'm by no means an accounting professional, but I do have some insight and resources to provide that can help get you on the right track.
You could make a journal entry to edit the opening balance of your credit card account. With this, you'll be able to remove the balance that doesn't apply to it anymore, so you can facilitate a reconciliation. The steps below will guide you through the process:
To make a journal entry in QuickBooks Desktop
- From the Company menu, choose Make General Journal Entries.
- On the first line, credit the Credit Card account with the amount that doesn't apply to the business.
- On the second line, debit the offset account with the same amount.
- Click Save & Close.
Just a heads up, this method can impact your books and you may wish to seek additional guidance from an accounting professional. Every business is unique and they can make suggestions on how to handle this. If you're not affiliated with one, our Intuit Find-A-ProAdvisor site can help you to find certified professionals in your area.
Don't hesitate to reach out to me here in the Community with any additional questions or concerns you may have. Thanks for dropping in, wishing you and your business only the best.
