Opening Balances

Set up your books with structured opening balance batches for ledger, receivables, payables, inventory, bank, fixed assets, and taxes.

Create opening balance batches by type: General Ledger, Receivables, Payables, Inventory, Bank/Cash, Fixed Assets, and Taxes.

Enter opening balances per ledger account with debit or credit amounts.

Record customer and vendor opening balances with transaction details.

Set opening stock with quantity, unit cost, and warehouse assignment.

Enter bank and cash opening balances with as-of dates.

Record asset cost, accumulated depreciation, and useful life at setup.

Set VAT receivable/payable and TDS payable/receivable opening balances.

Move batches through Draft, Validated, Posted, and Reversed statuses.

Automatically generate journal entries when opening balance batches are posted.