What is Opening Balance Equity in QuickBooks?

Ronnykarin19 Oct, 2020Business

Open balance equity is an account that QuickBooks automatically generates once a company is created. In other words, it is an offsetting entry that is used when you entering account balance into your QuickBooks Accounting Software. Here, we will cover all these things with step by step guidance. Before going ahead you need to create an opening balance. Let's go and get complete information about Opening Balance Equity in QuickBooks.