How to enter Opening Balance in QuickBooks Online

Are you adding a bank account in QuickBooks or are you wanting to learn how to change the opening balance?

Then you are in the right place 😉

Make sure to grab your bank statement to figure out what your beginning balance amount will be. If you aren't sure which one to grab make sure to watch the video for guidelines for a new account, mid-year or older accounts you are just adding to QuickBooks. It all comes down to where you want to start for your taxes. 🤓

If you're a Desktop user we have two additional videos for you:
Learn how to set up a bank account: https://canduskampfer.com/new-bank-ac...

How to adjust your opening balance: https://canduskampfer.com/add-or-adju...

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Timestamps:
0:00 - Process to enter opening balance in QuickBooks Online
1:35 - Setting up account under banking
1:56 - Setting up account straight into chart of accounts
2:07 - If you have mid-month or mid-year statement...
6:40 - Important to remember where money came from
7:19 - Checking chart of accounts in qb online
7:32 - Checking “view register” to check the transaction details
8:52 / 9:59 - Free QuickBooks workshop
9:13 - Only change in current year
9:46 - Get weekly tips straight into your Inbox
10:09 - Confidence with QuickBooks: https://confidencewithquickbooks.com


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