While adding opening balance in Current Assets>inventory>raw mat, I get an error: "Select a non-inventory acc for your deposit", how do i add the opening balance?

I appreciate you for sharing a screenshot, @Kapital-Ame.

To get around the error message, you’ll want to select a non-inventory account for your deposit. An inventory account is used to track the cost of goods you purchase to resale. Thus, adding an open balance to it is not available.

By the time those goods you purchase are sold, the sales will go to your Cost of goods sold account. To learn more on how to set up your accounts in QuickBooks Online (QBO), you can check out these articles for reference:

• Understand the chart of accounts in QuickBooks
• Learn about account detail types on the chart of accounts
• Add an account to your chart of accounts in QuickBooks Online

I’d also recommend getting in touch with your accountant for additional guidance in creating an account in your chart of accounts. This way, we can ensure your books are well accounted for.

Additionally, you can utilize this article that provides detailed steps on how to set up product and service items in your QBO account: Add product and service items to QuickBooks Online.

Let me know if there’s anything else I can help you with about managing your accounts in QBO. I’ll be more than happy to assist you. Have a great day.