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Brightsparks
Level 1

How do I enter in a opening balance for a credit card after I have already entered purchase transactions on the card account in quickbooks ?

 
Solved
Best answer April 08, 2020

Accepted Solutions
John C
QuickBooks Team

How do I enter in a opening balance for a credit card after I have already entered purchase transactions on the card account in quickbooks ?

Hi Brightsparks

 

This would be done by a Journal entry, we have included a screen shot of how this can be done first select the New+ icon > journal entry and enter per the screen shots however enter the date you want the balance to be from and the amounts in the debit and credit columns. In the account column in line one is your credit card account and in line two is the opening balance equity account you do not have to enter data in any other fields.

View solution in original post

1 REPLY 1
John C
QuickBooks Team

How do I enter in a opening balance for a credit card after I have already entered purchase transactions on the card account in quickbooks ?

Hi Brightsparks

 

This would be done by a Journal entry, we have included a screen shot of how this can be done first select the New+ icon > journal entry and enter per the screen shots however enter the date you want the balance to be from and the amounts in the debit and credit columns. In the account column in line one is your credit card account and in line two is the opening balance equity account you do not have to enter data in any other fields.

View solution in original post