Rasa-LilaM
QuickBooks Team

Account management

Greetings, oscortega.

 

Thanks for being part of the QuickBooks family. Helping out with updating your opening balance is my priority.

 

In cases like this, you’ll need to delete the opening balance equity that QuickBooks forced in from your initial download. Before performing the process, I recommend consulting with your accountant to ensure your records are in ship-shape.

 

To change the account opening balance:

  1. Go to the Gear icon at the top.
  2. Under Your Company, choose Chart of Accounts.
  3. Find the account name, choose Run Report on the Action column.
  4. In the Report period drop-down, choose All Dates.
  5. Then select Run report.
  6. Find the deposit posted at the earliest date noted as Opening Balance in MEMO/DESCRIPTION.
  7. Select the entry.
  8. In the Bank Deposit page, enter the correct dollar amount and date.
  9. Click on Save.

For future reference, check out this article on how to Change an account opening balance on a bank account.

 

Thanks for giving me the opportunity to help. I value the success of your business. Have a great day ahead.