How do I Add my Bank Opening Balance?

In addition to recording day to day transactions, a business needs to include it’s historic performance by including its assets and liabilities at system take on. The bank Account Opening Balance can also be entered with the Opening position of the company

 

• Click on Accounting
  

 

 

• Click Add Adjustments 
  

 

 

• Select the Ended Year 
  

 

 

• Input the Date
  

 

 

• Select the heading Bank Account 
  

 

 

• Select the Current Account (or the account you have created) from the drop down list
  

 

  

• Enter the amount under Debit for a positive bank balance and under Credit for a negative bank balance
  

 

 

• Click on Add Another Line
  

 

• Enter the same value as above in Credit box for positive bank balances ( Debit for negatives)
  

 

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