QB Issue Resolution:
If you want beginning balance on Jan 1, use Dec 31st transaction date (that becomes the correct opening balance on Jan 1).
If you use Jan 1 opening balance with Jan 1 transaction date, it actually shows up as ending balance on Jan 1st in QuickBooks.
Resolution for Issue 'We are converting to Quickbooks beginning Jan 1. Can we just put the the beginning Cash balance to be able to write checks and input the other beginning balances later?' available: Yes (Solved).
Source: Intuit Community forum.
We are converting to Quickbooks beginning Jan 1. Can we just put the the beginning Cash balance to be able to write checks and input the other beginning balances later?: 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 Beginning Balance
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Error Recovery for Beginning Balance [Canada]
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