can you simply add opening balances to the chart of accounts when starting to use Quick Books?


Welcome to the Community, grg.forquilters.

I can help you with creating an opening balance for your chart of accounts. 

Are you trying to add an account in your chart of accounts with an opening balance? If yes, I can show you how to do it. Here's how to create the opening balance for new account:

    1. Click the Gear Icon and choose Chart of Accounts.
    2. Click New and then choose an Account Type.
    3. Under Detail Type, choose the type of account.
    4. Provide the necessary information for the opening balance and the date. 
    5. Click Save and Close. 

    However, if you've created an account already and missed to add the opening balance, you can add the amount by creating a Journal Entry. See the steps on this Record a journal entry article for more information. 

    That should do it. Let me know if you still have questions about your chart of accounts by leaving a comment below. I'm always here to help. Have a good day.  

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    IntuitMaryJoy , Community Support Specialist
    Employee SuperUser

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