Entering opening balances Print
Modified on: Thu, 4 Oct, 2012 at 3:19 PM
If you have a trial balance or a summary, a single journal entry would be best. Otherwise you could import the transactions to recreate the figures or enter them manually if there are not too many. If you have done your tax return with your accountant then they can probably provide a Profit & Loss and Balance sheet for last year which would be great for the opening balance journal.
You can allocate transactions to account 3-9999 Historical Balancing and date it June 30 (or end date of previous period).
Please click here for a detail Online HELP Guide for importing journal entries.
Please click here for a detail Online HELP Guide for adding journal entries.
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