Opening balance system conversion

Hello there, occativ34.

I'm here to help enter your balances from a different software into QuickBooks Online (QBO).

We can create a journal entry for your balances without entering all the invoices, bills, and payments. However, I recommend seeking help from your accountant to ensure you're using the correct account.

Here's how:

1. Go to the +New button.
2. Under Other, select Journal entry.
3. Enter the necessary information.
4. Select Save and Close.

For more details, check this link: Create journal entries in QuickBooks Online.

Once done, the transaction will appear in the register. Subsequently, you can manually reconcile it by placing R status in the Reconcile (✓) column. I'll guide you on how to do it.

1. Go to the Transactions menu and select Chart of Accounts.
2. Locate the bank account.
3. Click View register and look for the created transaction.
4. Under the Reconcile (✓) column, click the blank field to mark the transactions as reconciled (R).
5. Hit Save and select Yes to confirm.

Additionally, you can check this article to learn how to get started with QuickBooks: Get started and adjust settings after you sign up for QuickBooks Online.

Let me know if you need more help navigating QuickBooks and entering your transactions. I'm always here to help. Take care.

@occativ34 

You should run the trial balance report on your old file. Another option, purchase a 3rd party service to setup your new QBO account and migrate the trial balance data.