Transfer money out of Opening Bal Equity

What is Opening Bal Equity?

To do this task

1. Go to the Lists menu and click Chart of Accounts. chart of accounts, equity, transferring from Opening Bal Equity, Opening Bal Equity account, .

2. Select the Opening Bal Equity account.

3. Click Activities at the bottom of the list and click Use Register.

   

4. Enter a transfer transaction:

   • Enter the amount in the Decrease column of the register.

   • In the Account field, enter the name of the equity account where you are transferring the money.

5. Click Record.

See also

• Tracking retained earnings