How do I populate an Expense Account with an "Opening Balance"? I'm starting QuickBooks mid-way through our fiscal year and would like to report on all expenses to date.

Hi there -avanti-brianpri,

It's important for your opening balances to be entered correctly so that your accounts will balance in the present day. QuickBooks Online is a great tool that keeps track of your expenses so that you can view them in various financial reports. I can provide some assistance with this opening balance.

Certain types of accounts don't have the option to enter an opening balance when creating the account. This is the case for expense accounts. If you want to enter an opening balance for this account, you can do so by creating an opening balance journal entry. Here's an article with steps on how to create an opening balance journal entry so that your expenses account can be well balanced.

If you have any other questions, feel free to ask them here.