Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowI'm glad to see you here in Community, @jjthomewood.
Yes, If the opening balance for one of your accounts is wrong, you can edit it through the View register for the account.
To edit an incorrect balance, here's how;
To edit an opening balance when reconciling an account in QuickBooks Online with your bank or credit card statement, Refer to this article: Fix an opening balance to match a bank statement.
The Community is always open for you. Feel free to ask if you have additional questions. Take care.
Thank you Joseph_A! That worked!
When I tried to correct my opening balance for a long term liability, a message popped up stating "The transaction you are editing has been reconciled. Saving your changes could put you out of balance the next time you try and reconcile. Are you sure you want to proceed?
So my question is Do I? I have not closed the month this debt accrued. Has anyone else had to do this? I do not want this liability to be the 160 thousand that was loaded as, I need it to be the 130 thousand that it is.
Would appreciate any help someone could provide.
Thank you!
Let me help you fix your opening balance, @MI141.
Here's how you can edit an amount on a reconciled transaction.
For more information, please check out this article: Fix an opening balance to match a bank statement.
I also suggest consulting an accountant to guide you in making the changes. They can also help and guide you so you can properly reconcile your account. This is to ensure your book is balanced and accurate.
Once you know your opening balance is correct, you can start reconciling.
Let me know if you have other concerns. I'll be happy to help you out. Have a nice day ahead.
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.