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captaingbb
December 15, 2021
Question

I just started this QBs November First, My ending fiscal is 12/31, How do I bring forward amounts from January to October?

  • December 15, 2021
  • 1 reply
  • 0 views
I tried journal entries, it posted everything as negative, even though the end result was right, it just had a negative sign. Their people have not been able to help!

1 reply

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Kevin_C
December 15, 2021

Thanks for visiting the Community, @captaingbb. I'm here to share some information about your journal entries in QuickBooks Online (QBO).

 

The opening balance tells QuickBooks when you want to start tracking transactions in an account. It summarizes all of your older transactions up to that point.

 

If you haven't entered an opening balance, I'd recommend you to enter one. Here's how:

 

  1. Select the Chart of Accounts tab from the Accounting menu.
  2. Find the account and select View register from the Action column.
  3. Then click Add deposit and fill out the needed details.

 

 

If you've created an opening balance, ensure that the date is set up correctly. You can search for the opening balance entry you've created and verify it.

 

Furthermore, I'd suggest consulting your accountant to help and provide more expert ways of dealing with this situation.

 

Additionally, you can also manually upload transactions into QuickBooks Online to get your transactions into QBO.

 

Please know that you're always welcome to post if you have additional questions about journal entries in QBO. We're here to help. Have a good one. 

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