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Account management
Hi Lynda,
Thank you so much for sending me the link to your video. I did watch and it was very clear. I simply deleted the opening balance that QBO created. I now have as you did in the video a balance of zero when I go to reconcile.
My question now is maybe a silly one. I opened the bank account with $100. I was assuming (before watching your video) that this was my opening balance. But yoyr video made it claer to me that an opening balance is obviously a zero balance. The first transaction of course is just that...a first transaction. AM I correct? That minimum $100. dollar deposit used to establish a bank account is not an opening balance. It is simply the first transaction recorded?