In previous year balance. You can view and update debit or credit details of previous year balance of your desired account.
Setting Previous year Account Balance in Financial Accounting,
To set “Previous year Account Balance”, click on the “Financial Accounting”, then “Masters”, then click “Previous year Balance”. Previous years balance page will be displayed.
Click on “Update” button on the previous year balance page.
Enter name in “Account name” input box and click Search button. Search Results drop down list will be filled with results against your search, then select the account from “Search Results” drop down list and account info will be shown. Please set the previous year account balance.
To set account balance of all accounts, enter date in “Balance As On” input box then click “Show All Accounts” button.
It will display the previous year balance of all accounts. Set account balance of desired accounts.
Click “Save” button to save the information.