Handle pending or outstanding payments-
- Get your bank statement or sign in to your bank's website.
- In QuickBooks, go to the Company menu and select Chart of Accounts.
- Find and right-click the account and select Edit.
- Select Change Opening Balance.
- Edit the amount.
- When you're ready, select Record to save your changes.
An opening balance is it a credit or a debit?
- Opening balance refers to the debit or credit balance of a ledger account carried over from the previous accounting period to the current accounting period.
- In a ledger account, this will be the initial entry made at the start of an accounting period.
Learn more about Opening Balance.
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