How to create opening balance in accounts
Point!
- From the sidebar, click 'Opening Balance' to access the Opening Balance sub-module.
Opening Balance
- All of these accounts are sourced from the Chart of Accounts.
- First , you have to select your branch.
Step 1 /3 (When account is relatable with suppliers and customers)
- Opening balances must be entered branch-wise for all accounts linked to suppliers or customers .
Point!
- Click the 'designated icon' to access the another Opening Balance page, where branch-wise opening balances for suppliers or customers can be entered.
Step 2 /3
- Inventory cannot be entered here. Please enter the opening stock for each product in the Product List section.
- The opening balance input field will only appear if a corresponding child account has been created on the Jabeda website. In the example shown, there is no input field under the Cash section because a 'Cash' payment account has not yet been added under Payment Methods in the Settings module.
Step 3 /3
Point!
- After completing all requirements click 'Update' button to save the data.