Have your balance sheet on hand on the opening date to allow an accurate transition of your accounting.
Go to the Admin tab then to the Opening Balance tile.
Step 1 :
Enter your balance to be received and distribute this amount in your customer files for each unpaid invoice, including the date of the invoice.
2nd step :
Enter your balance to be paid and distribute this amount to your supplier files.
Step 3:
Enter the balances of all accounts on your balance sheet.
If an account is missing, go to the Finances tab and then to General Ledger Accounts to add it.
Step 4:
Enter outstanding checks if any, paying attention to the following three elements:
The affected bank account
The date of the check
Where to enter the amount of the check
