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August 4, 2018
Question

How do I set up a starting balance?

  • August 4, 2018
  • 1 reply
  • 0 views

 Such a simple thing. Seems impossible :-)

    1 reply

    August 6, 2018

    Hello ccoles3,

     

    Are you trying to enter a starting or opening balance for a bank account? If so, you'll need to create a journal entry. Let me show you how:

     

    1. At the top, click the Create menu (+) and select Journal Entry.

    2. Enter the desired date.

    3. Debit the bank account.

    4. Credit the Opening Balance Equity account.

    5. Click Save and Close.

     

    You can also use this article for reference: How do I enter a beginning balance for an account after it has been set up?

     

    If you need anything, feel free to let us know.