Please cn somebody tell me how I can add an opening balance to a bank account in quickbooks? - When setting up the company in QB initally, forgot to do this therefore do not reconcile
If you go to Company menu - Chart of Accounts - Highlight your bank account and click on Account - Edit Account and there should be an Enter Opening Balance button. Click on this and it will open a window giving you the option to put in the ending date of the last statement before you set up QB and also the ending balance of that statement. The opposite entry to this will go to an Opening Equity account (similar to the Suspense account in Sage), therefore if you haven't got this account you will have to set this up beforehand.
Also be aware that ideally you should have set up all opening balances as a Trial Balance from previous year's accountant's figures rather than randomly entering opening balances.
