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usersmorace610
Level 1

How do I change the beginning balance?

Can I speak to a human?
1 Comment 1
MJoy_D
Moderator

How do I change the beginning balance?

I can help you with changing or updating your beginning balance, @usersmorace610.

 

The beginning balance amount should match what's on your bank statement. You can fix the opening balance by entering the balance of your real-life bank account.

 

If you haven't entered any beginning balance, you can create a journal entry. Check Step 2 on the following article: What to do if you didn't enter an opening balance in QuickBooks Online

 

You can also go to the Chart of Accounts and look for the Opening Balance Equity of the account that you're trying to change opening balance. Follow the steps below:

 

  1. Go to the Gear icon and select Chart of Accounts
  2. Find the account on the list and click on View register.
  3. Search for the opening balance entry. It should have Opening Balance Equity in the Account column.
  4. In the Deposit column, edit the balance so it matches your bank records.
  5. Select Save.

 

You can refer to the following article for more information about editing your opening balance: Fix issues the first time you reconcile an account in QuickBooks Online

 

In case you still want to talk to one of our Customer Support, you can reach them by going to the Help icon at the top right of the account. 

 

Here's the contact the QuickBooks Online Customer Support team article for more information about the different types of support we offer and its availability. 

 

You can always get back to me if you have questions about changing your beginning balance or other concerns by leaving a comment below. I'm always here to assist. Have a great rest of the day.

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