Enter Opening Balances

If you're moving from another system, you'll want your account balances to carry over as of your go-live date. This is a one-time step, not something you repeat.

Enter your opening balances

1. Go to Finance & Accounting → GL opening balance.
2. Enter the starting balance for each account as of your go-live date.
3. Save.

:::warning Do this once, at go-live Opening balances are meant for the initial migration. Once you have live transactions, use ordinary journal vouchers for any corrections instead of coming back to this screen. :::

Check your work

Run the opening balance trial report on your chart of accounts to confirm everything you entered balances correctly before you start trading.

Next step

Run financial reports

Trial balance, profit and loss, balance sheet, and more.