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finance45
Level 1

CAN YOU HELP ME , HOW WE CAN CHANGE OPENING BALANCE NEW ACCOUNT WE ADD IT TO OUR CHART - ABDELAZIZ PETTY CASH AND OR CASH ON HAND

WE ADD NEW ACCOUNT TO OUR CHART WE NEED TO CORRECT OPENING BALANCE 

NEED TO KNOW HOW


THANKS ALOT 

Solved
Best answer September 26, 2019

Best Answers
RCV
QuickBooks Team
QuickBooks Team

CAN YOU HELP ME , HOW WE CAN CHANGE OPENING BALANCE NEW ACCOUNT WE ADD IT TO OUR CHART - ABDELAZIZ PETTY CASH AND OR CASH ON HAND

Let’s go to the new account and correct the opening balance, finance.

You can edit the account's opening balance in the Account history to correct it.

Here's how:

  1. Click Accounting on the left side menu.
  2. Choose Chart of Accounts.
  3. Locate the new account, then go to the Action column and click Account history.
  4. Find the opening balance entry. If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
  5. Choose the opening balance entry and edit the amount. If you can't edit the amount on the screen, you can click the Edit tab.
  6. Click Save to update the balance in the register.

For more details about this one, you can check out this article: Edit an incorrect opening balance.

I have an article here about changing the opening balance of a bank account: https://community.intuit.com/articles/1776376.

Please reply to this post if you need anything else with managing your account. I'm always here to help.

View solution in original post

2 Comments 2
RCV
QuickBooks Team
QuickBooks Team

CAN YOU HELP ME , HOW WE CAN CHANGE OPENING BALANCE NEW ACCOUNT WE ADD IT TO OUR CHART - ABDELAZIZ PETTY CASH AND OR CASH ON HAND

Let’s go to the new account and correct the opening balance, finance.

You can edit the account's opening balance in the Account history to correct it.

Here's how:

  1. Click Accounting on the left side menu.
  2. Choose Chart of Accounts.
  3. Locate the new account, then go to the Action column and click Account history.
  4. Find the opening balance entry. If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
  5. Choose the opening balance entry and edit the amount. If you can't edit the amount on the screen, you can click the Edit tab.
  6. Click Save to update the balance in the register.

For more details about this one, you can check out this article: Edit an incorrect opening balance.

I have an article here about changing the opening balance of a bank account: https://community.intuit.com/articles/1776376.

Please reply to this post if you need anything else with managing your account. I'm always here to help.

tbNick_zcr7a
Level 1

CAN YOU HELP ME , HOW WE CAN CHANGE OPENING BALANCE NEW ACCOUNT WE ADD IT TO OUR CHART - ABDELAZIZ PETTY CASH AND OR CASH ON HAND

Not all accounts can fill in opening balance. Eg. Revenue is not allowed to fill in opening balance. Very inconvenient for new user who switch from other accounting software.