How to add Opening Balance in Quicken It is important to maintain the accounts for better adjustments. If the opening balance entered is wrong, then the account balance will not be correct until and unless you adjust the balance. But with Quicken it is easy to edit the opening amount. This accounting software tracks several accounts and allows the user to make informed decisions about their finances. It is important to enter the opening amount accurately as it will prevent all the confusions and will minimize the effort and time in adjusting the transactions later.
How to enter opening balance in Quicken accounting software? Below is the process of entering the correct initial transaction in the Quicken: a. Access Quicken accounting software on your computer system. You can also open the software by using Quicken shortcut available on your desktop after installing the software. You can also go to the program listed on your device. b. On the account, with the help of your mouse double click where you want to enter the opening balance. Go to the program menu click on ‘Add Account’ if you have not set up any account yet in the program and enter all your information. This setup wizard, on any new account will ask you for the opening amount.