Chart of Accounts

Thanks for joining us in the Community, ed4biz. I appreciate your time in submitting your question about managing account balances in QBO. 

The amount will show as an opening balance equity in the account register. Let me share the steps on how you can edit it.

Here's how:

1. Go back to your Chart of Accounts and look for the account.
2. Click Account history under the Action column.
3. Look for the Opening Balance and click on it.
4. Change the amount of the balance under the Increase column.
5. Click Save. 

You can check out this article for more details about this process: Enter And Manage Opening Balance For An Account In QuickBooks Online.

For additional guidance and references about your Chart of Accounts, I'll share these articles as well: 

• Find, Review, And Edit Transactions In The Account History In QuickBooks Online
• Manage Default And Special Accounts In Your QuickBooks Online Chart Of Accounts

Please feel free to come back to the forum anytime you have other questions about using QBO for your business, ed4biz. We're always happy to help walk through the available features, provide troubleshooting, and make sure all your needs are taken care of. 

I am collecting Capital Share and recording them as deposits to an account named MEMBERS' CAPITAL SHARE. I can sort the report by name. How can I produce the report with totals by name?

Hello there, ed4biz. I can help you run a report in QuickBooks Online (QBO).

We can pull up the Transaction List by Date report to show the totals by name. I'll guide you on how to do it.

1. Go to the Reports menu.
2. In the search bar, type Transaction List by Date.
3. Tap Switch to classic view.
4. Choose the Report period from the drop-down arrow.
5. Click the Customise button.
6. Select the Transactions Type drop-down arrow, and choose what transactions you want to run.
7. Pick the names.
8. Hit Run report.

After that, it'll show the breakdown of the transactions and the totals of each name. You can also tap the Group by drop-down arrow and select either Vendor, Customer, or Account.

Moreover, click the Save Customization button to memorise the report. It will help you save time since it automatically updates if there are newly added transactions.

Additionally, you can visit this page to learn more about personalising data in QuickBooks: Customise reports.

Furthermore, check this link to help you find income and expense transactions: Why are my income and expense transactions missing from my Profit and Loss report?

Let me know if you need more help running a report in QuickBooks. I'm always here to help. Take care.

How can I select the SPLIT column so that only MEMBERS' CAPITAL SHARE would appear on the report?

Hi there, ed4biz.

I'm here to help you customise the Transaction List by Date report to filter only the names with MEMBERS' CAPITAL SHARE.

To do so, we can personalise the report and only include the names with the split.

Here's how:

1. Go to the Reports menu.
2. In the Search field, type in Transaction List by Date report.
   
   
3. Click Customise.
4. Enter the correct dates.
5. In the Filter section, place a checkmark beside Name. Then, select the names link with MEMBERS' CAPITAL SHARE.
   
6. Once done, click on Run report.
   
   

Please keep me posted if you need additional assistance running and personalising reports. I'm here to help you out.

I opened a Simple Start plan today. I'm trying to customize the reports. There is no option to change the report title and group by Name.

Hello there, @dclcoop.

I can see the importance of changing the title of the report in QuickBooks Online (QBO) Simple Start. Allow me to further assist you with this.

In QBO Simple Start, we can change report title and group it by Name if we switch from modern view to classic view. This way, we'll have the option to change it by clicking the pencil icon. Please see the screenshot below for visual preferences.

Additionally, you may want to consider browsing this article in case you want to personalize your reports: Customize reports in QuickBooks Online. 

Should you need any additional assistance in customizing reports in QBO, don't hesitate to ping me by leaving a comment below. I'm always here to help. Have a great day.