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Hello, James.
I'll definitely lend a hand and ensure those opening equity entries are deleted from your books.
Are these regular entries made from sales receipt or expense forms (or any other transaction form such as a journal entry)? Those opening equity entries can still be deleted entirely from your QuickBooks Online account.
You'll want go to your Chart of Accounts and delete the opening equity entries from there. Here are the full steps:
If those entries came from the Online Banking feature (downloaded or imported), you can delete them by undoing those records. Here's how:
They will be delete from your books but will stay in the For review tab. You can start recategorizing them under the correct account or section.
Alternatively, you can purge your company if you've recently signed up with QuickBooks Online. This option is available for Essentials, Plus and Advanced users, and can be used if your company is only less than 60 days old.
The steps and details regarding the purging process can be found here: Delete your data and start over in QuickBooks Online.
If you're done entering your records correctly, you can start reviewing your books by running reports. Check this article if you need a guide regarding the Reports feature: Run reports in QuickBooks Online.
I will be around in the Community space, so don't forget to reply to this thread if you need more help with your entries. Need any other assistance regarding your account or data, let me know in your reply and I'll be sure to lay down some details and guides.
Thank you for your help. I wish id known that before i deleted them lol
You're welcome, James!
Please let me know if you have any other concerns or questions. I'm here to help.
Hi sorry but its me again. So the total was put by the app in as opening balance equity. It will let me edit, reconcile or make it inactive but then it says the balance will be out and wont let me delete it. Any ideas on this please? Basically the lump sum still isn’t deleted.
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