Quote Originally Posted by AmithS View Post
Hi Guys,

When I setup my QBs company file. I had to put in the opening balances of my bank accounts so everything balances and could be reconciled. i.e. I did not use QBs from day one in my business...

So I see this opening balances appear as Share Capital on my balance sheet in QBs.

Is this correct?
What does the Share Capital mean in accounting terms for my business and myself?
Any thoughts? I am using the QBs standard balance sheet report...