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Entering a customer's opening balance

  1. In the Opening Balance field, enter the amount this customer owed as of your start date.
  2. In the “as of ” field, enter your QuickBooks start date.

    Important: Leave these fields blank if you are planning to set up one or more jobs for this customer. QuickBooks will calculate the overall balance for this customer from the balances you enter for the individual jobs.

To keep your records up to date, enter all historical transactions from the day after your start date through today. For example, if you wrote invoices to this customer between your start date and today, you must enter those invoices into your QuickBooks records. This gives QuickBooks the ability to provide full financial reports for your company for any period of time after your start date.