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Post Info TOPIC: Opening Balance Equity not zero (Quickbooks problem)


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Opening Balance Equity not zero (Quickbooks problem)
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Hello,

So recently I decided to get some practice with Quickbooks to keep my skills sharp. I went ahead and started the comprehensive review problem II from my accounting textbook (College Accounting by Paradigm Publishing if anyone is curious). The first thing I did was open up a bunch of accounts, most of which have opening balances. After I entered everything I noticed the Opening Balance Equity account was not zero, looking it up in QB help it says I probably didn't enter everything in. I figure either I missed something somehow or I didn't set it up right. 

 

 

I looked for a place where I can get a second opinion, and I landed here. If anyone can guide me to the light I would greatly appreciate it. I tried copying and pasting my trial balance into the post, but the formatting didn't look too good and the forum rules forbid me from posting a URL.

Thank You

 

I didn't find the right solution from the Internet.

References  http://forums.tutorialized.com/accounting-102/opening-balance-equity-not-zero-quickbooks-problem-387249.html

 

 

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