Hi,

I am in similar kind of situation.

Till now we were using QBE, but have decided to move to QBO. We preferred not migrating entire data to QBO, but rather maintain it up to Dec 31, 2019 in QBE, and then migrate from Jan 1, 2020 to QBO-Advanced. Now I have created the Chart of Account in QBO and have updated the opening balance as of Jan 1, 2020 except for the following where I am not able to edit the balance. 

1. Accounts Receivables and it sub-types

2. Accounts Payable

3. Fixed Asset

Can anyone help me with a solution here. How can I update the opening balance for these accounts.

Also, as for AR which is pertaining to previous period, should I update the invoice so that when payment is received, we can apply to the invoice and close the transaction (I am assuming I will need to import only those invoices which are contributing to the open AR as of Dec 31, 2020). 

Thank you for your help,

Smita