Im setting up chart of accounts for 2 businesses. Using classes how do I bring in say the HST for the opening balance?

Hi there, 

Setting up new accounts in your QuickBooks Online account is an easy and straightforward process. I know how important it is to ensure your opening balance is recorded properly. I'd be happy to explain how you can create your accounts and record the opening balance in QBO.

Follow the steps below to see how to create a new account in your Chart of Accounts:

1. Select Settings ⚙ and then Chart of Accounts.
2. Select New to create a new account.
3. In the Account Type ▼ drop-down menu choose an account type.
4. In the Detail Type ▼ dropdown, select the detail type best fits types of transactions you want to track. Learn more about detail types.
5. Give your new account a name. You can use the info under the detail type to add a name that fits.
6. Add a description.
7. If you’re adding a subaccount, select Is sub-account of and then enter the parent account. If you need help, learn more about parent accounts and subaccounts.
8. Choose when you want to start tracking your finances. In the Balance field, enter the amount in the account, and determine the as of date. Enter today's date if you want to start tracking immediately.
9. When you're done, select Save and Close.

For more information and further details about this process, take a look at this helpful article: Add an account to your chart of accounts in QuickBooks Online. 

If you have any other questions specific to using Classes, please reach out to our tech support team so we can help with your specific needs. 

Have a great day.