I need to fix my opening balance of QBO. when I first linked my account it picked an amount and now I have to change it to 0. I already put a JE as the earliest date.
Reconciling is a crucial part of keeping your books balanced and QuickBooks Online is designed to help you each step of the way. The system calculates the beginning balance in a specific way to ensure you'll always start from where your previous reconciliation was finished. I'm confident we'll have no problem sorting this out.
The beginning balance is determined by calculating the sum of all reconciled transactions. When an opening balance is added upon an account's creation (whether through the bank feed or the chart of accounts) it is automatically marked as reconciled for you. Since you've already recorded the adjustment, it's just a couple easy steps to add it to your beginning balance:
Go to the Gear icon and select Chart of Accounts.
Find the account and select Account history from the Action column.
Search for the opening balance journal entry you just created. Select it to expand the view.
Select the box in the checkmark column until you see an R. This reconciles the transaction.