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james_lane77-hot
Level 1

I had entries in the wrong section so I deleted them so could re enter them but they are now there as an opening equity. I need to delete them entirely

 
4 Comments 4
jamespaul
Moderator

I had entries in the wrong section so I deleted them so could re enter them but they are now there as an opening equity. I need to delete them entirely

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:

 

  1. Go to Accounting, and click the Chart of Accounts tab.
  2. Look for the account where the opening equity entries are recorded.
  3. Find the opening balance equity and select it. 
  4. Click the Delete button, then proceed with Yes on the confirmation screen. 

 

deletequity1.PNG

 

If those entries came from the Online Banking feature (downloaded or imported), you can delete them by undoing those records. Here's how: 

 

  1. Go to the Banking page.
  2. Click the Categorized tab.
  3. Locate the categorized entries, then click the Undo button.

 

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. 

james_lane77-hot
Level 1

I had entries in the wrong section so I deleted them so could re enter them but they are now there as an opening equity. I need to delete them entirely

Thank you for your help. I wish id known that before i deleted them lol 

jamespaul
Moderator

I had entries in the wrong section so I deleted them so could re enter them but they are now there as an opening equity. I need to delete them entirely

You're welcome, James!

 

Please let me know if you have any other concerns or questions. I'm here to help. 

james_lane77-hot
Level 1

I had entries in the wrong section so I deleted them so could re enter them but they are now there as an opening equity. I need to delete them entirely

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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