https://www.dancingnumbers.com/opening-balance-equity-in-quickbooks/

Paul Bryant05 Jul, 2023Business

QuickBooks Opening balance equity is an accounting term used to record the equity balance at the start of an accounting period. It serves as a placeholder for various equity accounts, such as retained earnings, common stock, and additional paid-in capital. The opening balance equity is typically calculated as the difference between the previous period's closing balances and the current period's opening balances.