First, create your account structure but Never Enter anything as “opening balances.” That doesn’t allow you to control the data flow offset.

Now that you have the account structure, make your entries.

“When I am entering the accumulated amortization balance after entering the fixed asset first,”

Entering the Asset, or creating the Account? […]

Resolution for 'balance increases issue: 'How to set up fixed assets when transferring data from other accounting system?' available: Yes.

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

For more information about resolving issues related to balance increases in Quickbooks/QBO or to get support for the issue 'How to set up fixed assets when transferring data from other accounting system?', click the link below: