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March 22, 2021
Question

Journal entry to open bank account with cash? debit bank acct credit ????

  • March 22, 2021
  • 1 reply
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journal entry to open bank account with cash? debit bank acct credit ????

1 reply

March 22, 2021

Hi there, @pat0741-ppd-gmai

 

Let me share some insights about the journal entry process in QuickBooks Online (QBO) account. You need to create a journal entry to record it. In the first line from the Account dropdown, take your bank and then enter the amount in the Debit column. On the next line, choose the equity account if it's for capital or investment. Then, enter the debits and credits based on the type of account, you entered on the first line. When you're ready, select Save

 

You can also check out this article now to follow the usual steps to reconcile the account
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