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The amount in quick books is less than my bank. It is missing the opening balance how do I post it in quickbooks to let it balance with my bank.
Hi there, @Sheen Solutions.
I'm here to help ensure that your books are balanced. In QuickBooks Online, we have two different ways to enter a beginning balance.
If you forgot to enter an opening balance when you created the account, you'll need to create a Journal Entry. Let's first confirm that you don't have an opening balance yet to avoid duplicates. Here's how:
If you don't see an opening balance, write down the date and amount of the oldest transaction in the account. Then, follow these steps below to create a journal entry:
However, if there's an opening balance already, don't create a journal entry. Instead, follow the steps below to edit it:
I've also added these articles for more information about opening balance:
For future reference, read through this article: Reconcile an account in QuickBooks Online. It helps you learn about matching your actual bank and credit card statement to make sure they're balanced with QuickBooks.
Feel free to leave comments below if you have additional questions. I'm around here to help.
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