I linked my clients credit card in QBO. When I did the financial reports for the first quarter, there is a balance in OBE, how do I remove this amount?
Solved! Go to Solution.
Happy to connect with you, @MarkaBE. Thanks for joining us here in the Community. I'd gladly share information that could help with your Credit card balance in Opening Balance Equity.
You'll want to go to your bank register and check for the possible causes of why an opening balance appears. You may follow these steps:
If an opening balance shows, you'll want to delete it to fix the issue since there's already a created balance. However, please be reminded that once the account is reconciled, if you delete the OBE, it may affect the reconciliation.
For additional insights, refer to this article: Fix issues the first time you reconcile an account in QuickBooks Online.
I recommend consulting with your accountant to make sure your records are accurate.
I've attached some useful articles to help you manage your bank transactions in QuickBooks:
For additional QuickBooks-related concerns, don't hesitate to post them here in the Community. We're always available and willing to lend a hand to your queries. Have a great day ahead.
Happy to connect with you, @MarkaBE. Thanks for joining us here in the Community. I'd gladly share information that could help with your Credit card balance in Opening Balance Equity.
You'll want to go to your bank register and check for the possible causes of why an opening balance appears. You may follow these steps:
If an opening balance shows, you'll want to delete it to fix the issue since there's already a created balance. However, please be reminded that once the account is reconciled, if you delete the OBE, it may affect the reconciliation.
For additional insights, refer to this article: Fix issues the first time you reconcile an account in QuickBooks Online.
I recommend consulting with your accountant to make sure your records are accurate.
I've attached some useful articles to help you manage your bank transactions in QuickBooks:
For additional QuickBooks-related concerns, don't hesitate to post them here in the Community. We're always available and willing to lend a hand to your queries. Have a great day ahead.
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