How to clean up Opening Balance Equity in QuickBooks Online
Opening Balance Equity in QuickBooks Online plays a crucial role in setting up your company's books. However, over time, it's common for discrepancies or errors to occur in the opening balance equity accounts. Cleaning up opening balance equity in QuickBooks Online is necessary to ensure accurate financial records. In this article, we will guide you through the process of cleaning up opening balance equity and maintaining the integrity of your bookkeeping.
Understanding Opening Balance Equity in QuickBooks Online