The OBE account is used as a temporary clearing account when setting up an existing business in QB for the first time. You use it as an offset for several opening balance entries. When you’re done with the set up, the balance s/be zero, and it should never be used […]

Resolution for 'alance equity issue: 'Should I use the ‘opening balance equity account’ to enter all owner investments or create multiple accounts.' available: Yes.

The alance equity 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 alance equity issue yourself by looking for a resolution described in the article. If it is a complex alance equity issue or you are unable to solve the issue, you may contact us by clicking here or by using other alance equity support options.

For more information about resolving issues related to alance equity in Quickbooks/QBO or to get support for the issue 'Should I use the ‘opening balance equity account’ to enter all owner investments or create multiple accounts.', click the link below: