Create Opening Balance

Create an opening balance as follows:

1. You will need to specify how the journal entries are mapped from the previous period to the new period. The mappings are saved so there is no need to re-enter the information.
   1. Go to the new accounting period.
   2. Select the Import / Account Assignment tab.
   3. Click the Bring Forward Opening Balances link.
   4. Enter the mappings as required.
   5. Click OK to close the dialog.
2. Select Journals | Opening Balance.
3. Select the Journals tab to view the newly created Opening Balance journal sheet.