Opening balance entered when started using qb. accountant now provided breakdown of balance project by project. how do I allocate to individual projects

Good day, @-elpa-org-uk.

You can allocate those individual projects by setting up a supplier or customer opening balance. To keep track of individual sales or bills, enter each unpaid invoice and unpaid bill instead of entering a total balance for each customer and supplier.

Here's how to enter the supplier's opening balance.

1. Select Expenses, then Suppliers.
2. Click New Vendor on the upper right.
3. Enter the required information for the supplier.
4. Enter Opening Balance and as of date (most likely the date you started your QuickBooks Online account).
5. Select Save and close.

Also, Creditors appear in the Credit column of a transaction journal. This represents that the business still has a credit note or balance due to the supplier. The creditors will be impacted by this opening balance until the bill is paid.

For more information, see this article: How to enter outstanding balances for customers and suppliers. It also contains steps on how to set up a customer opening balance.

In case you need further assistance with the process, I'd suggest consulting your accountant to make it was recorded accurately.

Also, you can read through these articles for more insights about managing your accounts' balance in QuickBooks:

• Enter opening balances for accounts in QuickBooks Online
• What to do if you didn't enter an opening balance in QuickBooks Online

Always feel free to click the Reply button if you have other questions about tracking your account balance in QuickBooks. I'm always here to help.