Regardless of the type of account, it’s important to record the correct opening balance otherwise, your entire books will be thrown off. How to Record a Reimbursement in Quickbooks. Click an indented job to see information specific to that job.
Right-click anywhere on your Chart of Accounts and select New. Classes vs Subclasses in Quickbooks: What’s the Difference. Also, be sure to specify a vendor or customer name in the “Name” field of your general journal entries to accounts payable, receivable and sales tax payable. Exporting Initial Opening Balance Sheet Data from QuickBooks. There are several ways to record an opening balance in Quickbooks, one of which is by clicking F1. Enter the amount as Debit for overpayment, or Credit for underpayment and attach it to the customer. Need help with your QuickBooks? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
