QB Issue Resolution:
You will either have to create a Journal Entry, select the create icon in the top right hand corner of the screen > Journal Entry > enter the date the opening balance relates to > line 1 > in the account column select the retained profit balance brought forward ? enter the balance in the credit column > line 2 > in the account column select your bank account > in the debits column enter the amount > save and close.
If you are intending to use the reconcile facility you will have to manually reconcile the Journal Entry, Accounting > Chart of Accounts > account history (of your bank account) > locate the Journal Entry > select the line of the Journal Entry > in the column with a tick icon select the empty box until an R appears > save.
Resolution for Issue 'How do I correct an opening balance? I connected my bank account and it imported all transaction but not the balance and there was nowhere for me to enter it.' available: Yes (Solved).
Source: Intuit Community forum.
How do I correct an opening balance? I connected my bank account and it imported all transaction but not the balance and there was nowhere for me to enter it.: 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 Balance
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