Maintain Opening Balance

You are here:
< Back

Maintain Opening Balance

1. Introduction

  • Before you start this, please check the setting Financial Start Period and System Conversion Date in Tools | Option…(General Ledger).
  • To maintain the opening balance migrated from others system

Columns Explanation
A Local DR Input the local currency DEBIT opening balance
A Local CR Input the local currency CREDIT opening balance
B DR Input the foreign currency DEBIT opening balance, especially for foreign bank accounts
B CR Input the foreign currency CREDIT opening balance, especially for foreign bank accounts

2.Customer Opening Balance

  • You can direct create customer PASS invoice from Customer | Customer Invoice…
  • Key-in the date before the System Conversion Date (01/01/2004), you will get Customer Pass Invoice screen.
  • Input the outstanding amount into Total.

3. Supplier Opening Account

  • You can direct create supplier PASS invoice from Supplier | Supplier Invoice…
  • Key-in the date before the System Conversion Date (01/01/2004), you will get Supplier PASS Invoice entry screen.
  • Input the outstanding amount into Total.

4. Stock Opening Balance 

  • Lets assume the System Conversion Date is 01/01/2004.
  • To capture the opening stock balance as at 01/01/2004, you need to key-in the stock value in 31/12/2003 in GL | Maintain Stock Value