OBE Balance

QuickBooks Discussion board - Discussions about the popular financial software by Intuit 

Yahoo!   Google   Windows Live   del.icio.us   digg   Netscape

Subject Author Date OBE Balance Bgreer5050 01-05-2007  Re: OBE Balance Laura 01-05-2007
Posted by Bgreer5050 on January 5, 2007, 7:58 pm Please log in for more thread options Due to a reconciliation I have a $40 balance in my Opening Balance Equity account. I beleive I should probably zero this out for the end of the year. Do you agree and what is the best account to charge it to? Thanks Posted by Laura on January 5, 2007, 8:02 pm Please log in for more thread options > Due to a reconciliation I have a $40 balance in my Opening Balance Equity > account. I beleive I should probably zero this out for the end of the > year. Do you agree and what is the best account to charge it to? Most people believe that OBE should never have a balance in it. Double click on the entry and research the entry out of balance causing it. Correct the entry and your mysterous $40 balance will disappear. Similar Threads Posted opening balance on reconcile screen does not match balance in QB and statement January 15, 2008, 3:42 pm Re: Vendor balance January 5, 2007, 7:28 am Vendor balance January 4, 2007, 7:19 am Customer Job Balance February 22, 2007, 9:45 am Opening Balance November 3, 2008, 12:27 pm A/P Opening Balance - QB 2008 August 4, 2008, 9:31 pm Trial Balance Levels May 28, 2009, 12:00 pm declining balance amortization July 27, 2009, 12:03 pm Open invoice with zero balance August 6, 2009, 8:52 pm Balance Sheet Inventory Asset July 13, 2006, 10:39 pm