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1 reply

Adrian_A
March 7, 2021

Hi there, andjela-awardsin.

 

We can change the opening balance through the Chart of Accounts page. Let me guide you how:

 

Just a heads up, if the transaction has been reconciled, it can put your account to be off balance. That being said, I'd recommend reaching out to your accountant so you'll be guided.

 

Then, here's how you can change the balance:

 

  1. From the Accounting tab, select Chart of Accounts.
  2. Locate the account and then click Account history under ACTION.
  3. Click the opening balance and then enter the new balance under the DEPOSIT column.
  4. Click Save.
  5. Select Yes.

 

If you're trying to edit an opening balance when reconciling, you can check this article as your guide: Fix issues the first time you reconcile an account in QuickBooks Online.

 

I'll be around if there's anything that I can help. Keep safe!