1. Opening Balances 

 Opening balances represents your financial position of your firm before the start of the accounting system. You must record your accurate opening balances to have the true picture of your financial position. 

G/L Opening balances amounts entry 

This enables you to key in the balances of the G/L accounts as at the particular period of time.

Steps:

 

  1. Log into the system
  2. Go to office administration module 
  3. Under Opening Balances section click on the “G/L Opening Balances Amount Entry” link 
  4. Fill in all the details in the provided fields (G / L Account Number, Partner, Supplier, Currency, Exchange Rate, Date, Amount, Dr/ Cr) 
  5. Click on the “Submit” button once you are done to save