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January 3, 2022
Question

change an opening balance

  • January 3, 2022
  • 1 reply
  • 0 views
I entered the wrong opening balance in my banking account when setting up QB Desktop Premium. I have already posted transactions through the account. How do I change the opening balance to the correct amount?

    1 reply

    Jen_D
    January 5, 2022

    It's good to see you here in the QuickBooks Community, @LeeMcQ.

     

    Making sure the right balances are recorded in the program to ensure a seamless reconciliation. Don't worry, you can always come back and adjust your opening balance entry. Here's how:

     

    1. In QuickBooks Desktop, go to the Company menu and select Chart of Accounts.
    2. Locate and right-click the account, then select Edit.
    3. Select Change Opening Balance.
    4. Edit the amount. You can also adjust the date.
    5. When you're ready, select Record to save your changes.

     

    For your reference on how to manage your bank accounts and opening balances, see the following links:

     

     

    We wish you a prosperous new year here in QuickBooks. Post here again anytime if you have other concerns with your bank account opening balances. Have a nice day!