Go to Solution.
OBE is a holding account that is used to accumulate the opening balances of the accounts when you set up QB for a company.
After all starting balances are entered, then you close OBE to the equity account with a journal entry
debit OBEcredit owner/partner equitycredit owner/partner equity (if there is more than one partner)
View solution in original post
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.