Payments

Hi there, @rr32. I'll share with you an alternative way to enter the opening balance.

The opening balance box is only available if you haven't yet added transactions to the account. You can create a journal entry for the opening balance instead.

Here's how:

1. Go to the Company menu and select Make General Journal Entries.
2. Set the date for the journal entry. It should be the date you pick for the opening balance.
3. On the first line, from the Account drop-down, select the account you're entering the opening balance for.
4. Enter the balance for your real-life accounts for the day you picked. Enter the opening balance in the Debit column.
5. On the next line, select the Account drop-down and then the Opening Balance Equity account.
6. Enter the same opening balance amount in the opposite column as the first line. 
7. When you're done, select Save & Close.

You can also read these articles for more info:

• Enter and manage opening balances
• What to do if you didn't enter an opening balance

I'm also linking this article you can read and learn about managing your accounts: Learn about the Chart of Accounts.

Feel free to swing by anytime you need help with organizing your Chart of Accounts. I'd be happy to help.