Hi mafouad,
Yes, the details you mentioned above are correct. I'm here to share more information on how opening balances work in QuickBooks Online. With this, we can ensure that your accounts are correctly recorded.
QuickBooks track all of your opening balances for all of your accounts in an Opening Balance Equity account. This makes it easy to go back and look at what you entered later on.
If you need further assistance in keeping an eye on the account, I suggest reaching out to your accountant.
You can check this article for more information: What's an opening balance?
I've also included these a few links to make sure your accounts match your bank and credit card statements:
I'm always around if you have other concerns about entering opening balances.
