Hello there, @DeeStew.
You can consider creating a journal entry to remove the previous bank balance from the statement of financial position. Let me guide you through the steps.
- In your QuickBooks Online, click the + New icon, then select Journal entry
- Fill out the necessary information.
- Click Save and close.
However, since every business is unique, I recommend consulting an accountant before following the steps above to ensure your books are accurate.
For tips and detailed instructions on how to keep your accounts balanced and in order, see this article for future reference: Reconcile an account in QuickBooks Online. It contains topics about the opening balance and the reconciliation process.
Please leave a comment if there’s anything else you need. I’m here to provide further assistance. Have a good one!
