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Chapter 19. Equity Accounts > Troubleshooting

Troubleshooting

Opening Balance Equity Account Doesn’t Have Zero Balance

After completing the EasyStep interview, I expected the Opening Balance Equity account to zero out, but there is still a balance. What happened?

As you enter the opening balances of your assets and liabilities during the EasyStep interview, each entry is offset with a change in the Opening Balance Equity account. Ideally, when you have finished the Interview, the Opening Balance Equity account will have a zero balance, because all of the assets and liabilities you enter will negate each other in this account.


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