I'm here to help balance your Starling account in QuickBooks, fusé-Osaka.
Once your bank account is connected, the system automatically creates an opening balance. The amount is based on the real-life bank account. Thus, it causes the incorrect balance in QuickBooks.
No worries. You can either edit or delete this entry. Simply go to your Chart of Accounts and make changes from there. Here's how:
- Go to the Gear ⚙️ icon at the right top.
- Select Chart of Accounts under Your Company.
- Locate the account, then click Account history under Action.
- Find the opening balance.
- You can either delete or edit it.
- When you edit it, make sure to enter a zero amount to fix the opening balance.
- Click Save and close.
I've added this article for additional information: Fix opening balance issues in QuickBooks Online. This link will also help ensure QuickBooks will match your bank records.
Let me know if there's anything else you need with your bank account, and I'd be glad to help you.
Hello Community Users, We just wanted to pop in and clarify, so there is a clear answer on this postabout how to show Bank Spaces/Money Pots. As one user has mentioned the best thing to do is create a completely separate cash on hand chart of account in Quickbooks. Then you can mark the money as a transfer to that cash on hand account (your pot) you can then move it back in via a transfer back or create the expense from the cash in hand chart of account for your Tax payment for example. Any questions please feel free to ask
