To access the Opening Balances Entering documents, go to Accounting > See Also > Opening Balances Entering.

Entering initial balances is an important task when you migrate your accounting data to another application or when you start using an application for the first time (switching from manual recording).

Using an Opening Balances Entering document, you can enter opening balances for various accounts. The documents contain information on GL account balances on the date before you start using the application.

The Opening Balances Entering document

The list of documents may include for each entity multiple documents, with one document per available option (listed in the Accounting Section field) which defines specific initial balances.

The following options are available:

• Other sections
• Inventory
• Cash Assets
• Settlements with Suppliers and Customers
• Employee Business Expenses
• Fixed Assets
• Salary: This option is available if the HR and Payroll module is enabled on the Administration > Settings > HR and Payroll form.
• Employee Vacations
• Loans to Employees
• End of Service Provision
• Employee Benefit Provisions
• Taxes
• Loans Received and Issued
• Deferred expenses
• Deferred revenues
• Other section

You can filter the list by entity and accounting section. If you don't see a specific document, rearrange the list by date or number. You can change the list display settings to suit your particular needs. To learn more about the list display settings, see Working with the item list.

The toolbar buttons

You can create the Opening Balances Entering documents based on the Inventory Reconciliation, if you enter the inventory balances after the physical inventory counting was performed.
To view the journal entries generated for the document, click the Document's Transactions Details button ( ).