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snfcompany2020
June 7, 2020
Question

I'v essential version of the software but I could not enterred the opening balance. why? There is a massage pop-up that I need to create a noninventory account to process

  • June 7, 2020
  • 1 reply
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1 reply

C
ChristieAnn 11
June 7, 2020

Hi there, snfcompany2020.

 

The message that states to create a non-inventory account usually shows if you've selected an Other Current Assets to account with Detail Type Inventory. And, it could be the reason you're unable to enter the opening balance.

 

I suggest changing the detail type on the desired account to something other than Inventory. I'd recommend consulting an accountant for guidance with selecting the right detail type for the Account Type.

 

For additional information on how to enter an opening balance for a bank, credit card, and other types of accounts, you can click this article: Enter opening balances for accounts in QuickBooks Online.

 

You can also check this article to see steps on how to create a journal entry if you didn't enter an opening balance when you create the new account: What to do if you didn't enter an opening balance in QuickBooks Online.

 

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

S
snfcompany2020Author
June 12, 2020

Hi there Christie,

 

Thanks for your response. Actually, I'm the accountant and I did choosen the inventory as a class of account and inventory as type of account. There still a pop-up massage showing that I couldn't enter an opening balance and I need to create a non-inventory account to enable me to enter the opening balance!!

 

I've tried several times to solve It but I'm still stuck with it!!. Frankly thinking to change the software as it wasting my time sooo much !!

MaryLurleenM
MaryLurleenM
June 13, 2020

Hello there, snfcompany2020,

 

Let's try basic troubleshooting. This is to check if the error is browser-related.

 

Here are the following keyboard shortcuts: 

  • Google Chrome: CTRL + Shift + N
  • Safari: Command + Shift + N 
  • Mozilla Firefox and Internet Explorer: CTRL + Shift + P 

If it works, use your regular browser and clear its cache. This deletes the stored cache files and get a clean slate in the browser. If not, you can use other supported browsers.

 

You can edit the account's opening balance in the Account history to correct it. Here's how:

  1. Click Accounting on the left pane.
  2. Select Chart of Accounts.
  3. Locate the new account, then go to the Action column and click Account history.
  4. Find the opening balance entry. If you've got the Date column sorted from newest to oldest, the opening balance entry may be at the end of the list.
  5. Choose the opening balance entry and edit the amount. If you can't edit the amount on the screen, you can click the Edit tab.
  6. Click Save to update the balance in the register.

For more details about this one, you can check out this article: Edit an incorrect opening balance.

 

I'm always here if you still have questions.

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