Entering opening balances

Entering them

1. Open Opening balances

   On the Chart tab choose "Opening balances".

2. Set the date

   "Balances as at" defaults to the day before the current financial year starts.

3. Enter the balances

   Enter a debit or credit against each account.

4. Save

   Press "Save opening balances". They are posted as one opening balances journal, which is replaced each time you save.

If they do not balance

Any difference between debits and credits goes to the suspense account, and Accountin tells you so. Clear it before the year end.