cancel
Showing results for 
Search instead for 
Did you mean: 
pat0741-ppd-gmai
Level 1

Journal entry to open bank account with cash? debit bank acct credit ????

journal entry to open bank account with cash? debit bank acct credit ????
1 Comment
LollyNino_C
QuickBooks Team

Journal entry to open bank account with cash? debit bank acct credit ????

Hi there, @pat0741-ppd-gmai

 

Let me share some insights about the journal entry process in QuickBooks Online (QBO) account. You need to create a journal entry to record it. In the first line from the Account dropdown, take your bank and then enter the amount in the Debit column. On the next line, choose the equity account if it's for capital or investment. Then, enter the debits and credits based on the type of account, you entered on the first line. When you're ready, select Save

 

You can also check out this article now to follow the usual steps to reconcile the account
Feel free to let us know if you have other concerns. We're around 24/7 to help you. Keep safe! 

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up