Can Retained Earnings be adjusted when you first setup QBO to reflect last years actual REs? No opening balance is available and no Account History to amend. thanks.

Hi gilles-champagne,

Welcome to Community!  Your banking is a vital part of your books and it's essential that you're able to enter opening balances effortlessly.  QuickBooks Online provides the options necessary to complete your daily goals.  I'll be happy to assist!

To enter your retained earnings from the previous year, you'll need to create a journal entry.  Here's how:

1. Open +New from the left menu

2. Select Journal entry under Other

3.Enter the Date for the opening balance to match

4. On the first line, from the Account column, choose Retained earnings

5. Enter the amount of the balance in the Credits column

6. For the second line, choose the account you're using to create the balance and enter it in the Debits column

7. Hit Save and close when complete

If you have additional questions about completing the journal entry, or the associated accounts, I recommend speaking with your accountant.  If you don't have one, we can help you locate a ProAdvisor in your local area.

Please let us know if this has been helpful and your issue has been solved.  We'd love to hear about your success and we're always happy to help!