QB Issue Resolution:
“OPE should be used when setting up your opening entry in the program. It is for entering your balance sheet.”
I disagree; I try to avoid those generic fields of OBE entirely.
You already know the Real Equity. Truck asset is offset to Real Equity; or, you will close OBE to Real Equity, anyway. Why do the same work twice?
Resolution for Issue 'Does the “Equity Account” in QuickBooks differ from “equity accounts” I’ve learned about in Accounting?' available: Yes (Solved).
Source: Intuit Community forum.
Does the “Equity Account” in QuickBooks differ from “equity accounts” I’ve learned about in Accounting?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for about in Accounting
Quickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!
Error Recovery for about in Accounting [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.
Additional Support Options: