My client has only just joined Quickbooks for 2020. I started with all the opening bank balances but I have two 2019 GST rebates I need to add. How should I do this?

Hi aliciasergeant,

It's wonderful to see new members reaching out in the QuickBooks Community. You'll find it's a great place to get answers to your questions. I know keeping your numbers accurate is a crucial part of record keeping. I can provide you with the options.

Some variables affect the way you would enter the rebates. Here are some of the possible options:

• If you've already accounted for the amounts in the opening balances, they were recorded in the previous accounting software.
• Files Sales Tax

If you need a helping hand, reach out. Take care.

Thank you. I wanted to add an opening balance to either Accounts Receivable or GST Payable for this 2019 rebates but I wasn't able to. The only opening balances I recorded were the bank accounts starting Jan 1st 2020. I just don't want to record the rebates as income. 

Hi aliciasergeant. Glad to hear back from you again. I see what you're saying. I'd also recommend using journal entries as an option to enter your balances. Here's a helpful article that shows you how to enter journal entries in QuickBooks. Feel free to ask other questions, I'm here to help you achieve your QuickBooks goals.