How do you fix the Opening Balance Equity Account if it isn't 0? New inventory amounts are going to this account as well as depreciation.

Hi susanmukaidesign,

It's important you're able to fix your Opening Balance Equity and I'd be glad to steer you in the right direction. QuickBooks offers a variety of apps that help you streamline your business allowing you to continue being great at managing your work. 

Here's how to edit an incorrect opening balance:

1. Navigate to Settings ⚙️> click on Chart of Accounts.
2. Find the account, then go to the Action column and click on Account history.
3. Locate the opening balance entry. 
4. Choose the opening balance entry.
5. Edit the amount. If you're not able to edit the amount directly on this screen, in some cases you can edit by selecting the Edit ✎ icon.
6. Hit Save. Your change will not be saved if you navigate away from the register without saving.

If there's already a balance and you'd like to enter a new one, check out this helpful article here for additional steps. 

If you're attempting to edit an opening balance when reconciling an account with your bank or credit card statement, check out this helpful article here: Fix an opening balance to match a bank statement.

Give this a try and if you have questions, don't hesitate to reach back. I'm here to help.