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Experienced Member

How do I change opening balance on bank account register

The opening balance on a client's bank statement is a nwgative amount. QB would not allow me to enter a negative opening balance. I have entered a nil balance. How do I change the opening balance to a negative balance

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Best answer 3 weeks ago

Accepted Solutions
Not applicable

Hello jcandrews20, I know an easy way to change the openi...

Hello jcandrews20,

I know an easy way to change the opening balance on your bank account in QuickBooks Online. You can create a journal entry to enter the negative amount.

Here's how:

  1. Go to the Plus (+) icon.
  2. From the first line choose the bank account and enter the amount on you Credit side.
  3. In the second line choose Opening balance equity and enter the amount on your Debit side.
  4. Click Save and Close.
For more information, you can check this article: Create a Journal Entry in QuickBooks Online.

Feel free to stay in touch with me by adding a comment below.
3 Comments
Not applicable

Hello jcandrews20, I know an easy way to change the openi...

Hello jcandrews20,

I know an easy way to change the opening balance on your bank account in QuickBooks Online. You can create a journal entry to enter the negative amount.

Here's how:

  1. Go to the Plus (+) icon.
  2. From the first line choose the bank account and enter the amount on you Credit side.
  3. In the second line choose Opening balance equity and enter the amount on your Debit side.
  4. Click Save and Close.
For more information, you can check this article: Create a Journal Entry in QuickBooks Online.

Feel free to stay in touch with me by adding a comment below.
Experienced Member

Thank you, it worked, much appreciated

Thank you, it worked, much appreciated
Not applicable

Hello @jcandrews20, You welcome, I'm glad this all worke...

Hello @jcandrews20,

You welcome, I'm glad this all worked out for you!

If you need anything else, feel free to keep in touch if you have any other questions.