QB Issue Resolution:

QB is very special, because it creates an “Opening Balance Equity” account, which is useless. More often than not, someone makes an adjustment to correct it. You are that person this time.

IF the funds you entered as the opening balance for the checking account are unrestricted, then yes. Simply make a journal entry moving the opening balance from the OBE account to your Unrestricted NA account. This will bring the OBE to zero and you’ll be able to reconcile your net assets.

Resolution for Issue 'Should I move Opening Balance Equity to Unrestricted Net Assets for a non profit?' available: Yes (Solved).
Source: Intuit Community forum.

Should I move Opening Balance Equity to Unrestricted Net Assets for a non profit?: 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.

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