To do this task
Go to the Lists menu and click Chart of Accounts.
Double-click the account.
Click in the blank entry at the end of the register.
Change today's date to your QuickBooks start date.
Leave the Number and Payee fields blank.
Enter the opening balance amount.
For bank accounts, enter the amount in the Deposit column.
For asset, liability or equity accounts, enter the amount in the
For credit card accounts, enter the amount in the Charge
Click the Account field, and choose Opening Bal Equity from the
Note: If you have not entered an opening balance for any
of your accounts, you must create an Opening Bal Equity account.
balances for customers and vendors
Entering a summary
opening balance for income and expense accounts
tax owed as of your QuickBooks start date