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How do you enter opening balances? - Intuit QuickBooks Pro 2010 Full Version for PC (28287024175)

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Opening balances field appear only at the setup of the account, new client, and or vendor. Once the account is opened you have to enter a transaction for the beg balance. We recomend that you enter the beg. balances as a transaction. For clients and vendors enter individual invoices or bill. For accounts make a general entry without the ar and ap balances since you entered them individualy. When entering balances at setup they bare posted to the openning balances account. you have to clear this balance to retained earnings with a journal entry.
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Posted on Aug 08, 2010

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