Entering an Opening Balance for an Account

You can enter or adjust the opening balances of accounts on your Accounts List / General Ledger / Chart of Accounts. If you are unsure of your opening balances, please contact your accountant. 

To enter an account's opening balance:

1. Go to Accounting > Accounts > Accounts List. The Account List page appears.
2. Click Edit Accounts (located in the top-right corner of the list). The Division Accounts list page appears.
3. For the accounts you want to change, click in the Opening Balance field and enter the amount. 
4. Select the checkbox next to the field (in the column with the lock icon) to lock the opening balance.

   WARNING: If you lock an opening balance and then save your work, you cannot edit these numbers later on. Once a balance is locked, it will remain locked. You can choose not to lock a balance and still save your work.

5. Click Save to save your changes. The system will tell you if it balances or if anything is out of balance.

Related Articles

• Getting to Know the Accounts List
• Linking Bank Accounts in the Accounts List
• Adding a General Ledger Account