When you create the fixed asset account for land, you have the option of entering the starting balance at that time

or you can use a journal entry, debit fixed asset land, credit equity

Resolution for 'asset land issue: 'How do you add in an asset with existing opening balance ie Land $X. I tried to add the Land in the Chart of Accounts edit function, but no where to add in the open bal?' available: Yes.

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

For more information about resolving issues related to asset land in Quickbooks/QBO or to get support for the issue 'How do you add in an asset with existing opening balance ie Land $X. I tried to add the Land in the Chart of Accounts edit function, but no where to add in the open bal?', click the link below: