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diane61
Level 1

How do I clear an "Opening Balance Equity" account with a negative account balance?

 
1 Comment 1
MadelynC
Moderator

How do I clear an "Opening Balance Equity" account with a negative account balance?

I'm glad you've reached us, @diane61.

 

To delete the opening balance equity with a negative balance, here’s how:

 

  1. Click the Gear Icon.
  2. Select Chart of Accounts.
  3. Choose the correct account, click View register.
  4. On the filter icon, click the drop-down arrow and type in Opening balance.
  5. Click Apply.
  6. If it shows up, select then click Edit.
  7. On the deposit transaction screen, click More at the bottom and choose Delete.
  8. Click Yes.

 

For additional information on how to manage your QuickBooks account, feel free to visit this article: Help articles. I’m sure you’ll find it helpful.

 

You can count me in if there's anything else you need. Have a great day!

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