Set Opening Balances

Menu Path: Accounting > Maintanance > Configuration > General Ledger > Set Opening Balances

1. Select Company from Drop Down List and Click 'Set Company'

2. Click "Add New Record" and the box below will appear.

3. Insert relevant GL Code. Note: GL selection is available where user can choose GL Code from the drop down list as they key in any character. 
Key in the opening amount at Debit or Credit (depends on the GL Code type). Then click 'Update'.

4. After you click update, the result will show as below :

In the end,

• When user click on 'Set Opening Balances', all the transactions dated before the opening date will be listed by the system.
• In this case, since the opening date is 01-01-2017, so the transactions dated before 01-01-2017 will appear in the list.
• User will be prompted to delete the transactions.
• Click '*Yes, remove the transactions below*'.
• The system will only remove the journal transactions. The credit memo, GRN and invoice that is created will not be deleted, it will still appear in the respective listing.
• The journal transactions are deleted because these transactions will be included in the balance sheet dated 31-12-2016. If these journal transactions are not deleted, then the transactions will be recorded twice in the system.