Hi Matar,
Thanks for reaching out here. It's important that you're able to enter an opening balance for your accounts in QuickBooks Online. I'd be happy to help!
If you've connected your bank and credit card accounts, QuickBooks will automatically download the historical transactions up to a certain date, then enters the opening balance and date for you, based on the totals. However, if your accounts aren't connected to online banking, follow these steps to enter an opening balance;
1. Open your Settings ⚙ and select Chart of accounts
2. Hit New
3. Give the account a Name
4. Choose an Account Type and a Detail type
5. Add any other details, such as the Default Tax code, as necessary
6. Choose when you want to start tracking your finances. In the Balance field, enter the amount in the account, and determine the As of date. Enter today's date if you want to start tracking immediately.
7. When you're done, select Save and Close.
Here's a helpful guide to assist you with entering an opening balance after an account is created.
If you have any other questions, please don't hesitate to get back to us. We'd be glad to assist!
