Owner Equity

Hello there, kolson1.

Making any adjustments to books can be a little bit tricky, I suggest contacting an accountant to review the account and its transactions before you make any changes.

In the meantime, you can use an adjusting journal entry that can adjust an account's total balance in QuickBooks Accountant Online.

Here's how:

1. Log in to QuickBooks Online Accountant.
2. Click the Go to QuickBooks dropdown and select your client's company.
3. Select + New.
4. Choose Journal entry.
5. Tap the checkbox for Is Adjusting Journal Entry?
6. Complete the steps to record the journal entry.
7. Select Save and close.

You can also check out this link for more information about journal entry: Create a journal entry in QuickBooks Online.

I've also included this article that you can use as a future reference: Enter an opening balance for an account in QuickBooks Online.

Let me know if you still have other questions about it. I'll be here to help. Have a wonderful week!

Hi Archie_B,

Thanks.  I understand how to make AJE's and how to do them in QBO.  For this particular adjustment, my issue is really what should be the debit side of the entry in order to update the Equity account.

Thanks for information this is really helpful.

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