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Should I enter an opening balance for my company bank account?

Yes! You should be able to find the opening balance information on your financial institution's statement, using either the paper copy you receive in the mail, or the electronic version if you access your company bank account through your financial institution's Web site.

  • Find and use the last bank statement you received before your QuickBooks start date.
  • If the account did not have a balance before your QuickBooks start date, create a transaction in QuickBooks to add money to the account (to have a record of the starting balance).

If you have any trouble finding the information, contact your financial agency.

See also

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