I’m starting to use Quick Books Online as of 1/1/16. I don’t want to put in last year’s transactions before I can enter them for 2016. I just want to enter the ending balance from my 12/31/15 bank statement as the Starting Balance for 1/1/16. How do I do that?
|Call us right now at (858) 798-5O58 for information about QuickBooks private training. Or visit our quick QBO consulting help - https://newqbo.com/paid/|
|If you found our answers useful then please contribute a few bucks to support this forum. Thank you!
Sign up QuickBooks USA
It’s easy to add Opening Balance entry from the Bank Register. Go the Chart of Accounts (left navigation bar > transactions). Select Bank Account and click “View Register” under Action column. Select “Add” Deposit (left corner) > Date = 12/31/2015 > Account = Opening Balance Equity > Memo = Opening Balance > Deposit = amount per bank statement > Save See sample screenshot. If you’re syncing bank account to QuickBooks, it will automatically download opening balance so there is no further manual entry needed.