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alhmoto7
Level 1

Chart of Accounts - Open Contractor Retention Amount

Is there a way on QB Desktop to see what the open balance is in the chart of accounts for the open contractor retention amount?  We are able to see the total amount billed, but it includes what has been paid and we just want to see what's still outstanding.

 

Thanks!

 

-Ann

1 Comment 1
katherinejoyceO
QuickBooks Team

Chart of Accounts - Open Contractor Retention Amount

Thanks for asking us here in the Community, @alhmoto7. You can go to your account register to see the Opening Balance Equity account. 

 

Here's how:

 

  1. Go to the Lists menu.
  2. Select Chart of Accounts.
  3. Search for and open the Opening Balance Equity account.

 

For future reference, you can also run a Vendor Balance Detail report to see the transactions that make up your current balance with each vendor. Check out this article to learn more about this process: Customize vendor reports in QBDT

 

You can always drop a reply if there's anything you want to know about reports in QuickBooks. I'll get back to you as soon as I can. Take care!

 

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