Skip navigation

Record account opening balances with a journal entry

Record account opening balances with a journal entry: QuickBooks: Setting up a Company File In Depth
Record account opening balances with a journal entry: QuickBooks: Setting up a Company File In Depth

This movie explains how to adjusta profit and loss report to reflect uncleared bank transactions. It then shows how to use values from a trial balance report and the adjusted profit and loss report to create a journal entry to record account opening balances. It also identifies which accounts to exclude from the journal entry.

Resume Transcript Auto-Scroll
Skill Level Appropriate for all
1h 46m
Duration
81,455
Views
Show More Show Less
Skills covered in this course
Business Accounting Finance Home + Small Office QuickBooks

Continue Assessment

You started this assessment previously and didn't complete it. You can pick up where you left off, or start over.

Start My Free Month

Start your free month on LinkedIn Learning, which now features 100% of Lynda.com courses. Develop in-demand skills with access to thousands of expert-led courses on business, tech and creative topics.

Start My Free Month

You are now leaving Lynda.com and will be automatically redirected to LinkedIn Learning to start your free trial.