On quickbooks basic I have an existing company with a bankk blanace. In setting up the books back to jan 1, 05 when it asked for initial banl balance it accured to opening balance equity rather than just the bank blance. now my eqity account is out of whack.

I want to remove the initial balance from opening balance equity and have it just show on my bank balance, however when I try to make an adjustment in the name of the account it affects both opening blance equity and the initial bank blance.

any ideas?

In business Accounting, all entries are double entry. If your equity is out of Balance then I'd look at other opening balance entries you made to ensure they were all made to the correct accounts.