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wendyulett-gmail
New Member

How can I clear the beginning balance of my Cash band cash equivalents account?account.

 I accidentally assigned a few expenses to it, which I have now corrected to another Account. But it’s still showing a -minus amount in chart of accounts/balance sheet with no transactions linked. 
 Like it needs cache cleared?
1 Comment 1
IntuitSheila
Level 8

How can I clear the beginning balance of my Cash band cash equivalents account?account.

Hi Wendy,

 

Thanks for posting in the Community!

 

To be able to delete the opening balance for a specific bank account let's go and view the Account history of the account. Here's how:

 

  1. Click on the Transactions tab.
  2. Click on Chart of accounts.
  3. Locate and click on the Account history of the bank account.
  4. Click on the funnel or filter icon.
  5. Type in Opening balance and or amount.
  6. Click on Apply.
  7. Click on the transaction set as opening balance and remove the R by clicking on the icon.
  8. Click on Save.
  9. Click on Delete to delete the opening balance.

Check this link to learn more about fixing opening balances in QBO

 

Feel free to reply to this post if you have other concerns with QuickBooks Online.