Clearing Opening balances

Hi marsha002,

Welcome to Community.  QuickBooks Online has the versatility you need to get ahead with your work.  I'll be happy to provide more information so you're able to meet your QuickBooks goals!

In this situation, you'll create a journal entry and then reverse it.  It's best to reach out to your accountant for their expertise with this process.  If you don't have an accountant, we can assist you with locating a ProAdvisor in your local area.  

Please feel free to reach back out with other questions.  We'd be glad to help!