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Opening Bal Equity account

QuickBooks creates this account the first time you enter an opening balance for a balance sheet account. As you enter the opening balances, QuickBooks records the amounts in Opening Bal Equity. This ensures that you get a correct balance sheet for your company, even before you've entered all your company's assets and liabilities.

KB ID# H_RECON_GLOSSARY_OPENBAL
12/7/2016 2:29:43 AM
PPRDQSSWS403 9138 Pro 2017 cdde8c