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Opening Balances

In the opening balances, you can view and update the opening or starting balance of the desired account code/name with debit or credit details.


Setting the Opening Balances

To set the opening balances, go to the Financial Accounting > Accounts > Opening Balances, the opening balances page is displayed.

Account Starts On: This field sets the date from which the account starts. So that on the starting date you can enter the opening balance against desired account code or name.

Account Name: You can select either “Account code” or “Account name” from the drop-down list. Enter the respective desired account name and click on the search button.

Search Results: This field shows the searched account in the drop-down list, from which you can further select the desired account.

Debit: This field sets the debit amount that is transacted from the searched account.

Credit: This field sets the credit amount that is transacted from the searched account.

Click on the Save button to save the information or Cancel to stop the operation.

Show All Accounts: Clicking on this button, you can view all accounts and their opening balances. You can update the debit and credit amounts as well and click on the Save button.

Note: For your ease, the debit and credit of all accounts are set but you can set them as per requirement.

Navigation Buttons: The above buttons can help you navigate from one page to another in case of more accounts than one page.