Entering Opening Balances

Created by Allison Cloyd, Modified on Thu, 12 Jan 2023 at 05:44 PM by Robert Butler

In this article, you will learn how to enter/adjust the opening balances of accounts on your accounts list/general ledger/chart of accounts. 

To access your accounts list, navigate to Accounting > Accounts > Accounts List.

 

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Doing so will take you to the page shown in the screenshot above. To edit the opening balances, click on the 'Edit Accounts' button highlighted in the screenshot above.

 

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On this page, you can enter any opening balances by clicking on the number fields and editing the values. Once you have entered the correct balances, you can also lock the opening balances for each account by checking the boxes under the rightmost column with the lock in the header column.

 

WARNING: If you choose to lock the opening balances and hit save you will NOT be able to edit these in the future. You cannot unlock them. 

 

You can choose not to lock them and save them - the system will tell you if it balances or if anything is out of balance. 

 

If you are unsure of your opening balances please contact your accountant. 


Related Articles:

- Accounts List

- Linking bank accounts in the accounts list