Bring forward opening balances for revenue and costs

Hey there, StoneBaked.

You can follow the steps below in entering sales and costs in QuickBooks Online. This way you'll be able to run accurate reports with customer and suppliers balances.

Setting up a customer opening balance:

1. Select Sales, then select Customers.
2. Select New Customer upper right.
3. Enter customer information.
4. Go to the Payments and Billing which is between the Tax info and Attachments tabs, then enter Opening Balance and as of the date (most likely the date you started your QuickBooks Online account).
5. Select Save.

How to set up a supplier opening balance:

1. Select Expenses, then Suppliers.
2. Select New Supplier on the upper right.
3. Enter required information for supplier or supplier.
4. Enter Opening Balance and as of date (most likely the date you started your Quickbooks Online account).
5. Select Save and close.

To learn more about this process, check out this article: How to enter outstanding balances for customers and suppliers.

Also, you can visit this link if you want to record your daily sales in QuickBooks Online: Record your total daily sales.

If there's anything else I can help you with, please let me know. I'd be happy to get back to you and provide additional assistance.

Thanks for the reply.

I am fine with customers and supplier balances - these are the revenue and cost totals for the year so far which we need to reflect into QB.