Use care entering an opening balance for a fixed asset account because it's possible to create
a double accounting entry.
For example, if you create or plan to create a transaction to reflect using a non-business asset, such as an existing car, as a
business asset, do not enter an opening balance because this will result in a double accounting entry for the item.
Check with your accountant if you're not sure whether to enter an opening balance or create a transaction for a fixed asset.
QuickBooks start date
Transactions that put money in an account