Apple Mac2014 - Changing an Opening Balance

QuickBooks for Mac 2014 User’s Guide 55
Restriction: From a register, you cannot view or enter a split transaction that tracks items.
To enter split transactions:
1 In the account’s register, select the transaction you want to split, or click in the blank entry at the end
of the register.
2 Enter the payee, vendor, or name.
3 Enter the total amount of the transaction in the payment field. If you don't know the total, leave the
Amount field blank. QuickBooks totals the amount as you fill in the splits and displays it in the
Payment field.
4 Click Splits.
5 In the Account field, enter an account.
6 In the Amount field, enter the amount to be assigned to this account. QuickBooks subtracts the
amount entered from the total amount and displays the remainder on the next free line of the Splits
window. If you left the transaction amount blank, QuickBooks adds the split amount to the
transaction amount.
7 (Optional) Enter a note about the split amount in the Memo field.
8 (Optional) Enter the name of a customer or job in the Customer:Job field. In the column, indicate
whether the expense is billable to that customer:
o
If the expense is billable, do not change the invoice icon next to the customer's name.
o
If it is not, click the invoice icon next to the customer's name. This marks an “X” through the icon.
(Clicking again removes the “X.”)
9 (Optional) Enter a class in the Class field. The class field appears only when you select the “Use Class
Tracking” checkbox (choose QuickBooks > Preferences and click Transactions).
10 Continue to add accounts and amounts (and customers, jobs, or classes if needed) until you have
added one line for each part of the transaction.
If the split amounts don't add up: As you enter amounts in the Splits window, QuickBooks enters
the remainder on the next free line. Sometimes the total of the amounts entered in the Splits window
doesn't equal the figure you originally entered in the register. This happens when you delete a splits
line or change the total amount in the register. To balance your transaction, click the Recalc button in
the Splits window.
Changing an opening balance
Normally, when you create a balance sheet account, you’ll enter a starting balance for it. But there are times when
you might either skip this step or find a need to change that balance.
First of all, I want to talk about what an opening balance is. In a nutshell, it’s the amount of money or the value of
an account when you start using QuickBooks. So if you have $5000 in savings account when you start using
QuickBooks, you enter that as your opening balance when you create that account.