how do i enter my opening balance sheet for my small business?

I am an S corp


Thank you for posting here in the Community, vickie.freeman10.

Let me share some information about setting up your account in QuickBooks Self-Employed.

QBSE is designed for the self-employed individuals to manage their self-employed business finances. 

There's currently no feature in the app to add the opening balance in the account. You’ll just have to categorize all your self-employed income and expenses to calculate your estimated taxes.

QBSE is for freelancers, independent contractors, home-based entrepreneurs, and consultants. If you're a business owner (S-corp), you may consider QuickBooks Online.

Here’s choosing the right version of QuickBooks article for more information. To further check which QuickBooks versions best suit your business, please click this link:

That should get you going. Let me know if you have follow-up questions about setting up your account by leaving a comment below. I'm always here to assist. Have a great rest of the day. 

Was this answer helpful? Yes No
IntuitMaryJoy , Community Support Specialist
Employee SuperUser

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.