Welcome to the Community, @ashvini-p-remuna.
In QuickBooks Online (QBO), you can correct the accounts' opening balances by editing them in the Account history. The steps to do it are pretty quick and easy.
Here's how:
- In QBO, go to the Accounting menu at the left pane to get to the Chart of Accounts page.
- Find the account and click Account history under the Action column.
- Locate 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.
- 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.
- Hit Save to update the balance in the register.
To learn more about correcting opening balances in QBO, consider checking out this article: Edit an incorrect opening balance.
For tips and other resources, you may visit our website for reference: Self-help articles.
Reach out to me in the comment section below if you have any additional concerns. I'll be more than happy to answer them. Have a great day!
