{"id":385,"date":"2018-12-05T14:30:28","date_gmt":"2018-12-05T14:30:28","guid":{"rendered":"http:\/\/www.quickbooksupport.net\/blog\/?p=385"},"modified":"2020-01-23T11:46:02","modified_gmt":"2020-01-23T11:46:02","slug":"call-on-quickbooks-customer-support-and-know-how-to-enter-a-beginning-balance-for-an-existing-account","status":"publish","type":"post","link":"https:\/\/www.quickbooksupport.net\/blog\/2018\/12\/05\/call-on-quickbooks-customer-support-and-know-how-to-enter-a-beginning-balance-for-an-existing-account\/","title":{"rendered":"Call-on-Quickbooks-Customer-Support-and-Know-How-to-Enter-a-Beginning-Balance-for-an-Existing-Account."},"content":{"rendered":"In-this-article-you-will-learn-how-to-enter-a-beginning-balance-for-an-existing-account-in-Quickbooks.-To-know-more-call-on-Quickbooks-Customer-Support.<\/p>\nBy-creating-a-journal-entry-to-offset-the-Opening-Balance-Equity-you-can-easily-enter-an-opening-balance-for-an-existing-account<\/p>\n\u2022-QuickBooks-Online-debits-the-new-account-and-then-credits-the-Opening-Balance-Equity-account-in-case-of-assets-and-expense-accounts<\/p>\n\u2022-QuickBooks-Online-credits-the-account-and-then-debits-the-Opening-Balance-Equity-account-in-case-of-liabilities,-equity,-and-income-accounts<\/p>\n\u2022-Once-you-have-entered-the-beginning-balance-for-accounts-with-a-register-you-need-to-mark-it-as-reconciled.<\/p>\nHow-to-enter-an-opening-balance-journal-entry?<\/p>\nFollow-these-steps-to-enter-an-opening-balance-journal-entry:<\/p>\n\u2022-Click-on-thePlus-icon-(+)-present-on-the-Toolbar.<\/p>\n\u2022-Select-Journal-Entry-under-Other.<\/p>\n\u2022-Enter-the-date-of-Journal.<\/p>\n\u2022-Specify-the-Account-on-the-first-line-to-enter-the-opening-balance-for.<\/p>\n\u2022-In-either-the-Debit-or-Credit-column-enter-the-opening-balance-amount-depending-on-the-account-type.<\/p>\n\u2022-For-assets-and-expense-accounts-in-the-Debit-column-enter-the-opening-balance-amount<\/p>\n\u2022-For-liabilities,-equity,-and-income-accounts-in-the-Credit-column-enter-the-opening-balance-amount<\/p>\n\u2022-Depending-on-the-entry-in-the-Account-column-specify-one-of-the-following-in-the-Name-field:<\/p>\n\u2022-If-you-selected-Accounts-Receivable\/Debtors-specify-a-Customer-name<\/p>\n\u2022-If-you-selected-Accounts-Payable\/Creditors-specify-a-Vendor-name<\/p>\n\u2022-In-the-Account-column,-select-the-Opening-Balance-Equity-account-on-the-next-line.<\/p>\n\u2022-In-either-the-Debit-or-Credit-column-enter-the-opening-balance;-make-sure-that-you-are-entering-it-in-the-opposite-column-used-on-the-first-line.<\/p>\nFor-Example:-You-must-enter-this-amount-in-the-Credit-column-if-you-have-entered-the-amount-on-the-first-line-in-the-Debit-column<\/p>\n\u2022-Click-on-Save.<\/p>\n\u2022-(This-step-is-Optional)-Identify-the-Location-and-Class-and-enter-a-Memo-for-the-transaction-if-you-have-preferences-turned-on.<\/p>\n\u2022-Go-to-the-register-to-mark-this-transaction-as-reconciled-if-the-account-has-a-register,-such-as-a-bank-or-credit-card-account<\/p>\nHow-to-mark-the-transaction-as-reconciled?<\/strong><\/p>\nFollow-these-steps-to-reconcile-the-opening-balance-transaction:<\/p>\n\u2022-Click-on-the-Gear-icon-present-on-the-Toolbar.<\/p>\n\u2022-Select-Chart-of-Accounts-under-your-company.<\/p>\n\u2022-Locate-the-account-for-the-transaction.<\/p>\n\u2022-Select-View-Register-from-the-Action-column<\/p>\n\u2022-Click-on-the-Opening-Balance-transaction.<\/p>\n\u2022-Indicating-the-transaction-has-been-reconciled-select-the-column-labeled-with-a-check-mark-until-a-letter-R-appears<\/p>\n\u2022-Click-on-Save.<\/p>\nTo-know-more-on-how-to-enter-a-beginning-balance-for-an-existing-account-in-Quickbooks-call-Quickbooks-customer-support<\/strong><\/a>.-Also,-you-can-write-us-at-support@quickbooksupport.net<\/strong>-.Feel-free-to-reach-us-anytime;-our-team-of-executives-is-24\/7-available-at-your-service.-For-more-information-visit,-www.quickbooksupport.net<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In-this-article-you-will-learn-how-to-enter-a-beginning-balance-for-an-existing-account-in-Quickbooks.-To-know-more-call-on-Quickbooks-Customer-Support. By-creating-a-journal-entry-to-offset-the-Opening-Balance-Equity-you-can-easily-enter-an-opening-balance-for-an-existing-account \u2022-QuickBooks-Online-debits-the-new-account-and-then-credits-the-Opening-Balance-Equity-account-in-case-of-assets-and-expense-accounts \u2022-QuickBooks-Online-credits-the-account-and-then-debits-the-Opening-Balance-Equity-account-in-case-of-liabilities,-equity,-and-income-accounts \u2022-Once-you-have-entered-the-beginning-balance-for-accounts-with-a-register-you-need-to-mark-it-as-reconciled. How-to-enter-an-opening-balance-journal-entry? Follow-these-steps-to-enter-an-opening-balance-journal-entry: \u2022-Click-on-thePlus-icon-(+)-present-on-the-Toolbar. \u2022-Select-Journal-Entry-under-Other. \u2022-Enter-the-date-of-Journal. \u2022-Specify-the-Account-on-the-first-line-to-enter-the-opening-balance-for. \u2022-In-either-the-Debit-or-Credit-column-enter-the-opening-balance-amount-depending-on-the-account-type. \u2022-For-assets-and-expense-accounts-in-the-Debit-column-enter-the-opening-balance-amount \u2022-For-liabilities,-equity,-and-income-accounts-in-the-Credit-column-enter-the-opening-balance-amount \u2022-Depending-on-the-entry-in-the-Account-column-specify-one-of-the-following-in-the-Name-field: \u2022-If-you-selected-Accounts-Receivable\/Debtors-specify-a-Customer-name \u2022-If-you-selected-Accounts-Payable\/Creditors-specify-a-Vendor-name \u2022-In-the-Account-column,-select-the-Opening-Balance-Equity-account-on-the-next-line. \u2022-In-either-the-Debit-or-Credit-column-enter-the-opening-balance;-make-sure-that-you-are-entering-it-in-the-opposite-column-used-on-the-first-line. For-Example:-You-must-enter-this-amount-in-the-Credit-column-if-you-have-entered-the-amount-on-the-first-line-in-the-Debit-column \u2022-Click-on-Save. \u2022-(This-step-is-Optional)-Identify-the-Location-and-Class-and-enter-a-Memo-for-the-transaction-if-you-have-preferences-turned-on. \u2022-Go-to-the-register-to-mark-this-transaction-as-reconciled-if-the-account-has-a-register,-such-as-a-bank-or-credit-card-account How-to-mark-the-transaction-as-reconciled? Follow-these-steps-to-reconcile-the-opening-balance-transaction: \u2022-Click-on-the-Gear-icon-present-on-the-Toolbar. \u2022-Select-Chart-of-Accounts-under-your-company. \u2022-Locate-the-account-for-the-transaction. \u2022-Select-View-Register-from-the-Action-column \u2022-Click-on-the-Opening-Balance-transaction. \u2022-Indicating-the-transaction-has-been-reconciled-select-the-column-labeled-with-a-check-mark-until-a-letter-R-appears \u2022-Click-on-Save. To-know-more-on-how-to-enter-a-beginning-balance-for-an-existing-account-in-Quickbooks-call-Quickbooks-customer-support.-Also,-you-can-write-us-at-support@quickbooksupport.net-.Feel-free-to-reach-us-anytime;-our-team-of-executives-is-24\/7-available-at-your-service.-For-more-information-visit,-www.quickbooksupport.net.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[45,39,28,42,18,52,12],"class_list":["post-385","post","type-post","status-publish","format-standard","hentry","category-quickbooks-support-2","tag-call-quickbooks-support","tag-point-of-sale-support","tag-quickbooks-payroll-support","tag-quickbooks-phone-number","tag-quickbooks-support","tag-quickbooks-support-usa","tag-quickbooks-technical-support"],"_links":{"self":[{"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/posts\/385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/comments?post=385"}],"version-history":[{"count":0,"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/posts\/385\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/media?parent=385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/categories?post=385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.quickbooksupport.net\/blog\/wp-json\/wp\/v2\/tags?post=385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}