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Video of Quickbooks Training Online Courses - Opening Balance in Quickbooks course by Mega Niche University channel, video No. 49 free certified online
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We received a Question from "Dolfin8613r" in our Online Forum
How would you add a begining balance when you just started the account? What journal entry would you make to zero it out at the end of the year?
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OUR RESPONSE
When you setup the Chart of Accounts, it will have a tab there to put opening balance. If you have already set it up, then you would do a journal entry where you credit the account and debit opening balance.
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