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primrosebookkeep
Level 1

Hi, how do I add an opening balance to a bank account, i moved accounts from sage and it pulled over the last 6 years? but I need a balance from June 19

 
1 REPLY 1
GraceC
QuickBooks Team

Hi, how do I add an opening balance to a bank account, i moved accounts from sage and it pulled over the last 6 years? but I need a balance from June 19

Hello there, @primrosebookkeep.

 

You can add an opening balance to your bank account in QuickBooks Online.

 

Here's how:

  1. Go to +New, then choose the Bank Deposit.
  2. Select the correct bank account.
  3. Backdate the deposit to reflect the opening balance.
  4. Leave the Received From blank.
  5. In the Account field, select Opening Balance Equity.
  6. (Optional) Enter a memo, such as "Opening Balance".
  7. Enter the appropriate amount.
  8. Select Save.

For more reference, you can check out this article: Entering a bank account opening balance.

 

Please let me know if you're referring to something else or have other questions. Have a good day!

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