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Adding an opening balance for a bank account in QuickBooks Online is essential for accurate financial records. Let me guide you through the process, @MRU.
We can create a journal entry since you've already made a bank account without entering an opening balance.
Before doing so, check your account register and ensure that you don't have an opening balance:
If you don't find an opening balance, note down the date and amount of the oldest transaction in the account.
Now, let's create a journal entry:
For further reference about entering an opening balance, please check these articles:
Moreover, if you haven't reconciled the account yet, you'll need to reconcile the journal entry to prevent it from affecting future reconciliations:
Feel free to reach out if you need further assistance with your opening balance or any other QuickBooks-related concerns. Keep safe.
Adding an opening balance for a bank account in QuickBooks Online is essential for accurate financial records. Let me guide you through the process, @MRU.
We can create a journal entry since you've already made a bank account without entering an opening balance.
Before doing so, check your account register and ensure that you don't have an opening balance:
If you don't find an opening balance, note down the date and amount of the oldest transaction in the account.
Now, let's create a journal entry:
For further reference about entering an opening balance, please check these articles:
Moreover, if you haven't reconciled the account yet, you'll need to reconcile the journal entry to prevent it from affecting future reconciliations:
Feel free to reach out if you need further assistance with your opening balance or any other QuickBooks-related concerns. Keep safe.
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