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Let me share some information about starting balance for your credit card account, @cathlene.
It depends. The beginning balance amount should match what's on your bank statement for the same start day.
You can add an opening balance by creating a journal entry. Here's how:
Check these articles for more information:
Here's also a guide in reconciling your credit card accounts to make sure that it matches with your statements: Reconcile an account in QuickBooks Online.
If you have any other questions about adding or editing your starting balance feel free to comment below. I'm always here to help you. Have a great rest of the day!
Let me share some information about starting balance for your credit card account, @cathlene.
It depends. The beginning balance amount should match what's on your bank statement for the same start day.
You can add an opening balance by creating a journal entry. Here's how:
Check these articles for more information:
Here's also a guide in reconciling your credit card accounts to make sure that it matches with your statements: Reconcile an account in QuickBooks Online.
If you have any other questions about adding or editing your starting balance feel free to comment below. I'm always here to help you. Have a great rest of the day!
Thank you MaryJoyD!
I appreciate the time you took to answer my question.
It was very helpful, and I was able to accurately get my CC off and running.
Thank you!
Cathlene
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