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This is my first time using online quick books having changed from desktop version. With support added checking but not sure if beginning balance is accurate

I would like to correct beginning balance if needed unless I can ignore and plug in current balance and take it from there. Is this recommended?
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This is my first time using online quick books having changed from desktop version. With support added checking but not sure if beginning balance is accurate

Welcome to the Community, @kdemers-kdlawpc-.

 

In QuickBooks Online (QBO), you can change the beginning balance in the register to make sure it's accurate. This can be done by going to the Chart of Accounts.

 

Here's how:

 

  1. In QBO, go to the Accounting menu at the left pane to get to the Chart of Accounts.
  2. Locate the account, then tick the Account history or View register in the Action column. 
  3. Find and select the opening balance, then change the amount.
  4. Hit Save to complete.

 

In case you encounter issues when you reconcile an account, I suggest checking out this article for further guidance: Fix beginning balance issues if you've reconciled the account in the past QuickBooks Online.

 

Also, here are some helpful references that you can check out about the account balance, like how to fix discrepancies:

 

 

Please leave a comment in this thread if you have any other questions or concerns. I'll be here to help. Have a great weekend!

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