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Be sure you enter the correct opening balance and date

When entering the opening balance for a bank account, use the ending balance from the last bank statement you have that is dated before the date that you're using as your company start date.

Important: Once you have set up the opening balance for the account, be sure to enter any outstanding checks or deposits that do not appear on that statement; for example, those that occurred from the bank statement date through your start date. You can make these entries in the QuickBooks bank account register. If you do not add these bank account transactions, your accounts will not reconcile, and some of your reports may show incorrect balances.

KB ID# H_COA_INFO_NEW_ACCOUNT_CORRECT_OPEN_BAL_TEXT_LINK
12/7/2016 11:49:38 PM
QYPPRDQBKSWS05 9138 Pro 2017 286646