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ZackE
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Thanks for following up with the Community, savita-clearnexu.

 

You can enter an opening balance for your owner's draw account by editing the transaction causing the balance and changing it to the correct amount.

 

Here's how:

  1. Use your Gear (⚙️) icon.
  2. Go to Chart of Accounts.
  3. Find the account, go it its Action column and click View register.
  4. Locate your opening balance entry, then choose it.
  5. Edit its amount. If you're unable to edit the amount on this screen, in some cases you'll be able to do so by using its Edit button.
  6. Select Save.

 

If you'd prefer to work with an accountant, you can check with them to see if they'd recommend entering a general journal entry to move the balance to its correct account. In the event you're in need of one, there's an awesome tool on our website called Find an Accountant. All ProAdvisors listed there are QuickBooks-certified and able to provide helpful insights for driving your business's success.

 

I've also included a detailed resource about working with opening balances that may come in handy moving forward: Edit an incorrect opening balance

 

Please don't hesitate to send a reply if there's any additional questions. Have a lovely day!

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