QuickBooks for Mac 2014 User’s Guide 56
• If you don’t have any transactions recorded for that account, just edit the account and enter an opening
balance.
• If you’ve already got transactions recorded, then open the Chart of Accounts and double-click the account to
open the register. Look for the Opening Balance Equity entry and change it to the correct amount.
• If you don’t have an Open Balance Equity entry in your account’s register, you need to add one. Add a
transaction to the register with Opening Balance Equity as the description and a date you want to record for the
opening balance. Enter the opening balance amount:
o In a bank account, enter the amount in the Deposit column.
o In an asset, liability, or equity account, enter the amount in the Increase column.
o In a credit card account, enter the amount in the Charge column.
To see how this works, check out this video on Little Square:
http://www.qblittlesquare.com/2011/05/adding-or-changing-an-opening-balance/
Changing an account’s color
When you change an account’s color, your change affects the account’s register and associated data entry forms.
For example, if you make your checking account blue, both the register and the Write Checks window for that
account will be blue.
Changing an account’s color is useful if you have several accounts of the same type, such as two or three checking
accounts. You may want to make each account a different color to avoid mistakenly writing checks from the wrong
account.
To change an account’s color
1 In the Chart of Accounts, double-click the account you want to change to open the register.
2 Choose Edit | Change Account Color to display a standard color palette like the one shown here:
3 Click to select the color you prefer. The register or form changes color immediately.
4 Click the color palette’s close button to dismiss it.
Note: You can only change the color of balance sheet accounts, that is, accounts with registers.
Moving a transaction to a different account
If you enter a transaction into the wrong account, you can easily correct your mistake without having to re-enter
the transaction.
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