How to Add Enter or Edit Opening Balance in QuickBooks

03/02/2022 Financial & Legal Services

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Description

There are two ways to enter an opening balance into QuickBooks: one is at the time the company file is first being set up in the computer; the second is an "edit" where a pre-dated transaction is entered after some of the main transactions have been entered. Failure to enter these transactions correctly can make the reconciliation of these accounts impossible.

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