Dear JamaicaA
Thank you for the directions and advice. I do not have an opening balance when I first created the Chart of accounts - bank. (As attached the screenshot).
Can I still use your method below? :
- Go to the Transactions menu and hover your mouse over Chart of Accounts.
- Locate the Current asset account, then click Account history.
- Select the opening balance entry to expand and enter the amount.
- Edit the amount, then Save.
I was also reading the links you have provided. It states that I will need to "reconcile" this opening balance which I entered in under "opening balance equity" . Do I need to do this step after I entered the opening balance?
Thank you.
