Before you enter an opening balance

• Check your Accounts Start Date
• Create your bank accounts, including loan or credit card accounts
• Have your bank statement for the day before your Accounts Start Date

Enter an opening balance

1. Go to More, then select Business Settings.
2. From Opening Balances, select Bank.
3. Check your Accounts Start Date.
4. Enter the opening balance details:
   • Date: Use a date before your Accounts Start Date
   • Type: Choose Debit for a positive balance or Credit for an overdrawn balance
5. Select Save.

An opening balance entry appears on your bank activity and is ready to reconcile.

Important information

• Use the balance from your bank statement, not your trial balance
• Use the statement balance from the day before your Accounts Start Date
• Enter positive amounts as Debit and negative or overdrawn amounts as Credit

• Adjust an opening balance
• Delete a reconciled opening balance
• Reconcile an opening balance