credit card beginning balance

Hi rwcjr,

Hope you’re doing great. I wanted to see how everything is going about your concern. Were you able to enter the opening balance? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

I did get it to balance. Thank you, bob

What do you mean when you say "Enter the same opening balance amount in the opposite column as the first line" what's the first line?

I can share additional information about adding an opening balance, @Lillyzp.

The line that KlentB is referring to is the amounts that you'll be adding under the Debit and Credit columns when creating a journal entry. 

If you're entering a balance for an asset account, on the first line, enter the amount in the Debit column. On the second line, choose Opening Balance Equity account and enter the amount in the Credit column.

For liability and equity accounts, on the first line, enter the amount in the Credit column. On the second line, set the Opening Balance Equity account and enter the amount in the Debit column.

I also suggest consulting an accountant for guidance on the best category or account to use.

Check out this article for more information about recording journal entries: Create a journal entry in QuickBooks Desktop for Windows.

Here’s additional information or alternatives with adding opening balance for a bank, credit card, and other types of accounts: Enter opening balances for accounts in QuickBooks Desktop.

You can also check on the following article for more troubleshooting steps in resolving errors you'll possibly encounter when reconciling your accounts: Fix beginning balance issues in QuickBooks Desktop.

Stay in touch if you still have questions in creating this journal entry or if you have any other concerns by leaving a comment below. I'm always glad to help in any way I can.​ Have a great rest of the day!