Entering opening balances

Enter opening balances any time during the first year, either through Setup>Opening balances or through Setup>Chart of Accounts.

For your bank account, enter the balance as if the cheque that was written in the last year did clear your bank account (chequebook balance). 

To learn how to enter historical accounts receivable and accounts payable, click here.

Last updated on April 24, 2014 by FCC Management Software