How to add Opening Balance in Quicken

It is important to maintain the accounts for better adjustments. If the opening balance entered is wrong, then the account balance will not be correct until and unless you adjust the balance. But with Quicken it is easy to edit the opening amount. This accounting software tracks several accounts and allows the user to make informed decisions about their finances. It is important to enter the opening amount accurately as it will prevent all the confusions and will minimize the effort and time in adjusting the transactions later.

How to enter opening balance in Quicken accounting software? Below is the process of entering the correct initial transaction in the Quicken: a. Access Quicken accounting software on your computer system. You can also open the software by using Quicken shortcut available on your desktop after installing the software. You can also go to the program listed on your device. b. On the account, with the help of your mouse double click where you want to enter the opening balance. Go to the program menu click on ‘Add Account’ if you have not set up any account yet in the program and enter all your information. This setup wizard, on any new account will ask you for the opening amount.

c. In the account registry enter the date. It is not important to enter today’s date. It should be the one from where you want to track the transactions or the program start tracking the account. d. In the description you can type ‘Opening Balance’ if it is not mentioned there. You can go through your financial statement to ascertain account’s balance on the day as you mentioned as the starting date. e. Into the registry from your financial statement enter the transaction.

Call Quicken Support ( ) if you are facing any issues while accessing the accounting software at Quicken Support Technical Number AustraliaQuicken Support Technical Number Australia If you are encountering any issue or trouble with the accounting software or unable to enter the transactions correctly in the account then you can take the help of the professionals and experts at Quicken Support Number We assure you to get desired help for all your concerns and queries. You can also reach us via live or as we are available at your service for 24/7. Original Source