Can I add an opening balance to an existing vendor?

Utilize the trial version of an importer tool to import your outstanding bills.

https://transactionpro.grsm.io/qbo

Thanks for posting, @eileentefft.

I'll share the steps on how you can set up a vendor balance. Once the vendor's profile is already created, you can no longer enter a vendor balance. In this case, you'll want to create a bill to manually add the balance.

To create a bill:

1. Go to +New.
2. Select Bill. Enter the vendor details and balance.
3. Click Save and close.

More details about bills and other liabilities are found in this article: What is accounts payable?

Additionally, here's a link that covers all the tasks you can do when using expenses and vendors in QBO.

Let me know if you have follow-up questions or concerns about vendors. I'll be here for you. Take care and have a good one.

By entering a new bill, it set it up to be paid. We simply want to set up a starting balance for the vendor. Thank you.

I appreciate you dropping by this thread, @saofallon,

I'm here to share some information about setting up an opening balance for vendors. 

Setting up an opening balance for vendors in QuickBooks Online (QBO) can only be entered when adding a vendor. Let me guide you on how:

1. On your QBO account, go to the Expenses tab and click on Vendors.
2. In the Vendors section, select New vendor.
3. Kindly enter the necessary vendor information.
4. Under the Additional info section, you'll find the Opening balance in the bottom part.
5. Choose an expense account for the category, then enter the opening balance.



6. Once ready, click Save.

If you have already created the vendor without an opening balance, I recommend deleting and recreating them.

Moreover, I'll also add this article you can read if you want to learn how to enter a prior balance for a customer that owes you money or a vendor you need to pay: Manage outstanding balances for customers and vendors in QuickBooks Online.

Should you require further assistance with setting up an opening balance for your vendors, feel free to leave a reply. The Community team is here to help you anytime. Have a great day!