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FRTSGV1
November 10, 2024
Question

Show Beginning Balance on Statement of Activity Report

  • November 10, 2024
  • 1 reply
  • 0 views

My beginning balance is correct and reconciled. It does not show on the Statement of Activity Report. If I look at the registry:

  • the date is the same month I started entering
  • The Ref Type is Deposit
  • The Payee Account is Opening Balance Equity should this be something else?
  • The Memo is Opening Balance should this be something else?
  • The Payment is (Blank) should this be my opening balance?
  • The Deposit is (my opening balance)
  • The checkbox is (R)
  • The balance is (my opening balance)

A QB Expert reviewed this input with me, but I didn't ask about it appearing on the SoA Report.

1 reply

L
LollyNino_C
November 10, 2024

The opening balance won't appear in your Statement of Activity report, because this report focuses on providing a detailed view of your revenue, expenditures, and net income through individual transactions, @FRTSGV1. I'm here to guide you on how to access the information.

 

To view your opening balance, I recommend running a Statement of Financial Position report. This financial statement offers a snapshot of your company's financial condition at a specific date, including your opening balance. It functions similarly to a balance sheet for for-profit entities. Here’s a visual guide to help you:

 

 

If you did not enter an opening balance during the reconciliation process, I suggest checking this article for guidance: What to do if you didn't enter an opening balance in QuickBooks Online?

 

For further insights, please see this article: Configure an account for a nonprofit organization.

 

Let us know if you have any other questions or need assistance managing your reports. Feel free to post in the Community. I'm always here to help.

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