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userddharrold
Level 1

Created "Other Current Assets" and chose "Investments - Other" to track an investment account. How to I set the Starting Balance so it appears in "Reconcile"?

Tried using "Opening Balance Equity" but that does not show as the "Starting Balance" in the "Reconcile" screen.
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Best answer September 03, 2021

Best Answers
Rustler
Level 15

Created "Other Current Assets" and chose "Investments - Other" to track an investment account. How to I set the Starting Balance so it appears in "Reconcile"?

Normally when you create an account you can enter the opening balance, but since you already created it you need to do it differently

 

show a deposit to the other asset account and use owner equity investment as the source account for the deposit

 

If you are planning on tracking a brokerage account buying and selling stock, QB is not set up for that kind of thing at all, Quicken is better.  Just enter the plus/minus numbers monthly in QB using equity draw/ investment as the source accounts

View solution in original post

2 Comments 2
Rustler
Level 15

Created "Other Current Assets" and chose "Investments - Other" to track an investment account. How to I set the Starting Balance so it appears in "Reconcile"?

Normally when you create an account you can enter the opening balance, but since you already created it you need to do it differently

 

show a deposit to the other asset account and use owner equity investment as the source account for the deposit

 

If you are planning on tracking a brokerage account buying and selling stock, QB is not set up for that kind of thing at all, Quicken is better.  Just enter the plus/minus numbers monthly in QB using equity draw/ investment as the source accounts

View solution in original post

userddharrold
Level 1

Created "Other Current Assets" and chose "Investments - Other" to track an investment account. How to I set the Starting Balance so it appears in "Reconcile"?

Thanks.

Not tracking individual stocks, simply want to track a managed investment for our nonprofit.

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