You usually record opening balance in QuickBooks at the beginning of a new accounting year. However, the entries can be made by using two different methods i.e. either at the beginning or during the Accounting Year. Here, we have mentioned the steps of how you can record opening balances during the Accounting Year:
Choose Journal type Opening Balances in Journal Entry.
Enter the balances from the period prior to the one in which you are starting to use your account in QuickBooks.
Once the balances have been entered, transfer them to General Ledger.
If the above steps didn’t help you record opening balance in QuickBooks, then we would suggest you to get in touch with our experts by dialing our helpline number (855)-856–0053 or go through the detailed steps mentioned in this linked article.