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"?

userddharrold · ‎September 03, 2021

Tried using "Opening Balance Equity" but that does not show as the "Starting Balance" in the "Reconcile" screen.

Rustler · ‎September 03, 2021

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

Rustler · ‎September 03, 2021

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

userddharrold · ‎September 05, 2021

Thanks.

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

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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"?