Quicken 2006 Beginning Balance adj.

If you are talking about the Opening Balance transaction that Quicken created for you; just modify the amount. Otherwise, please provide a clearer explanation of your problem.

In Q2006 Basic Setup, I manually entered all opening balances with a mistaken balance of zero for this account. I then attempted to change the opening balance by editing the account but it does not display opening balances there. So I attempted to change the register opening balance column, which it does not accept. Entering a register "payment" with a date of 1/1/2006 will fix the problem but implies it was a January transaction record. So I have now resolved the issue by changing the date to 12/31/2005 for the payment and resulting 2006 opening balance.

Sorry about this posted message but did not realize there was a workaround without editing the account.

Glad you got the result you wanted.

Just for the record, I tested in Q2006 and had no trouble modifying the Opening Balance that Quicken created when I created a new credit card account. I do not understand your statement that you could not change the opening balance; though if you truely mean that you tried to enter an amount in the "Balance" column, naturally you can not do that - the balance column is the "result" of the entries in the "Charge" and "Payment" columns.

In my case, when I first created the account, I told Quicken the opening balance was zero; no amount in "Charge" or "Payment" fields.

To cause the opening balance to show me owing the cc company money, I entered money in the "Charge" column; to show a balance owed to me by the cc company, I entered an amount in the "Payment" column.

Had I initiallly created a positive or negative opening balance, I could have adjusted by increasing or decreasing the existing amount in the appropriate column.

In other words, if there was already an opening balance transaction, there shouldn't have been a need to create an additional one. Naturally, you would want the date of an opening balance to be prior to your first actual transaction ... the date too can be modified.

You are right that I initially tried to enter an adjusted amount in the opening "Balance" column (which is actually the resulting balance). I was only avoiding any entry in the Payment column since it was not a 2006 transaction. However, by entering it as a 12/31/2005 transaction it resulted in a corrected opening balance for 2006.

Thanks for your comments.