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Starting balance import

Stevepeck1Stevepeck1 Member Posts: 1

I'm at a loss and welcome help. The system appears to have fairly recently imported a "Starting Balance" to Owners Equity to cover past transactions... but it shows it here as "Checking (763), and though this is not a separate account, appears to total it with my bank balance. How can this be corrected ... or if practical, reversed without making a mess of things?

All accounts
$X,XXX.91
Cash and Bank
Cash on Hand $0.00
Checking (763) $X,XXX.04
LIFEGREEN CHECKING (698) $X,XXX.87

edited May 11, 2020 in Bank Connections

Comments

  • NicoletteBNicoletteB Member Posts: 122 ✭✭

    @Stevepeck1 So any transaction that comes in either through a bank connection or that's manually added can be edited or deleted. If you go to Accounting > Transactions and find the specific transaction, just click it and a menu on the right hand side will pop up like so:

    Make the adjustments, press Save and the changes will immediately apply :)

  • ChadFromHomeChadFromHome Member Posts: 2

    What category should be used normally for imported opening balances?

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @ChadFromHome

    That would depends on the account which the opening balance is for. This article on STARTING BALANCES says to import them as Owners Equity!

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