Support
I want to enter an opening balance, but I do not have a complete list of opening balances – what do I do?- This is a common situation. By way of example, say you want to enter the opening balance for a bank loan now, but the rest of the opening balances are not yet available.
- (Note: If you have all the opening balances, read “How do I add opening balances for the start date?”)
- Go to Add Journal in My Journals
- Enter the Start Date and the description “Opening balances”
- Click on Add Category, and select the category “Bank Loan”
- Enter the amount in the Net box, and “0” in the VAT box.
- Next, click on Add Category, and select the category “Suspense Account”
- Enter the amount in the equal and opposite amount in the Net box, and “0” in the VAT box
- Hit Save
- When the rest of the opening balances are available, come back to this journal and edit it, entering the remaining information as described in “How do I add opening balances for the start date?”
- This is a common situation. By way of example, say you want to enter the opening balance for a bank loan now, but the rest of the opening balances are not yet available.
- (Note: If you have all the opening balances, read “How do I add opening balances for the start date?”)
- Go to Add Journal in My Journals
- Enter the Start Date and the description “Opening balances”
- Click on Add Category, and select the category “Bank Loan”
- Enter the amount in the Net box, and “0” in the VAT box.
- Next, click on Add Category, and select the category “Suspense Account”
- Enter the amount in the equal and opposite amount in the Net box, and “0” in the VAT box
- Hit Save
- When the rest of the opening balances are available, come back to this journal and edit it, entering the remaining information as described in “How do I add opening balances for the start date?”
