Opening balance

Step by step

1. 1Open General ledger > Opening balance or Settings > Fiscal years > Opening balance. Overview brings takeover details together; select Opening balance for the existing balance editor. The fiscal year determines the opening date.
2. 2Take the actual closing balances from a reliable balance sheet and supporting schedules. Review bank, cash, customer and supplier items, taxes, loans and equity separately.
3. 3Enter each actual balance on the appropriate balance-sheet account and select debit or credit. For a displayed fixed-currency account, also enter the original amount and applied rate.
4. 4Confirm that total debits equal total credits. A difference is not a rounding item but a sign that an amount or side is missing.
5. 5After posting, compare the trial balance with the source document.
6. 6Manage one-time takeover input only under Customers and suppliers, Bank positions, and Assets and securities. Old links open the same central source. Ordinary modules continue processing payments, depreciation and sales. These sections show original specifications, remaining amounts and saved entries. Open the existing registers for their reconciliation. Bank remainders here only include explicit transfers to private.

What is on the screen?

• Selected first fiscal year
• Balance-sheet account, debit or credit and actual balance
• Any foreign currency, original amount and applied rate
• Total debits, credits and difference

What happens next?

The opening balance is a separate financial source and affects the balance sheet and ledger within the selected fiscal year. It receives no ordinary J number. Edit it only through the opening-balance function so the starting point remains identifiable.

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