Opening balances

Enter what the business had and owed on the day you started — cash, bank, capital, loans — so the balance sheet starts right.

1. Open Accounting → Opening Balances.
2. Type each account's amount and side (Dr / Cr).
3. Customer and supplier balances go on their party pages; stock on the item.
4. Keep going until it says Opening balances match.

Open this in the app

More help

• GST returns (GSTR-1, 3B, 2B)
• Match purchases with GSTR-2B
• Lock a month, close the year
• Day book and journal entries

All help articles